A shopkeeper originally made a profit of 25% by selling at the marked price. He now raises the marked price by 20% and then gives a 20% discount. What is his new profit percentage?
Correct answer B. 20%
Explanation
Take CP = Rs. 100, so the old marked price = Rs. 125. New SP = 125 × 1.2 × 0.8 = Rs. 120. New profit = 20%.
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