When an article is sold at a 20% discount on its marked price, the seller loses 4%. What would his profit percent be if he sold it at the marked price?
A. 20%
B. 25%
C. 16%
D. 24%
A. 20%
B. 25%
C. 16%
D. 24%
Best answer
Answer: A. 20%
Answer: (A) 20%
0.8 × MP = 0.96 × CP, so MP = \(\frac{0.96}{0.8}\) CP = 1.2 CP.
Selling at MP gives a profit of 20%.
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