A shop marks a coat at above its cost price and then sells it at a discount of . Find the percentage profit.
Answer and explanation
Correct answer: C. 4%
- Step 1: Let the cost be . Marked price .
- Step 2: Selling price .
- Step 3: Profit .
Answer
4%.
Why not the others: 10%: it subtracts the percentages. 25%: it compares the discount with the selling price.
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