The marked price of a bookshelf is ₹3,100, which is 25% above the cost price. It is sold at a discount of 12% on the marked price. Find the profit percentage.​

Correct option is D

Given:

Marked Price (MP) = ₹3100 is 25% above Cost Price (CP).

Discount = 12% on MP.

Find Profit %.

Formula Used:

​$$\text{MP} = \text{CP} \times (1+\text{Markup})$$​​

​$$\text{SP} = \text{MP} \times (1-\text{Discount})$$​​

Profit % =$$\dfrac{\text{SP} - \text{CP}}{\text{CP}} \times 100$$​​

Solution:
CP$$= \frac{3100}{1.25} =$$​ 2480
SP = 3$$100 \times (1 - 0.12) = 3100 \times 0.88 = 2728$$​​
Profit = 2728 - 2480 = 248
Profit % = $$\frac{248}{2480}\times 100 = 10\%$$​​
​