A trader marks up an article by 40% above its production cost. During a seasonal promotion, he offers a discount of 25% off the marked price. What is his net percentage profit?
Answer and explanation
Correct answer: A.
- Step 1: Assume production cost 100$.
- Step 2: Marked price after 40% markup: 140$.
- Step 3: Selling price after 25% discount: 105$.
- Step 4: Net profit percentage: .
Answer
5.0%.
Why not the others: '' subtracts percentages directly (); '' uses 20% discount.
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