Question
Quantitative Ability and Data Interpretation Question on Profit and Loss
A shopkeeper marks his books at 25% above the cost price. Due to slump in the market, his cost reduces by 5%. And then, to boost his sale, he offered a discount of 8% due to which sales goes up by 25%. Compute the change in the shopkeepers profit.
A
No change
B
7% change
C
2.5% change
D
8% change
Answer
No change
Explanation
Solution
The correct option is (A): No change