Multiple choice

Russel marked a pen stand for sale at 1.25 times the price that he bought it for. However, while actually selling it, he offered a discount and the percentage discount offered was 0.8 times the percentage profit he earned. What was the profit percentage he earned on the sale of the pen stand?

  1. 12%

  2. 25%

  3. 10%

  4. 12.5%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100. Marked Price = 125. Let profit % = P. Discount % = 0.8P. Selling Price = 125 * (1 - 0.8P/100) = 100 + P. 125 - P = 100 + P => 25 = 2P => P = 12.5%.

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