When a discount of 20% is given on a jacket, the profit is 28%. If the discount is 13%, then the profit is
1). 39.2 percent
2). 41 percent
3). 42.8 percent
4). 37.4 percent
Let the MP = 100
Discount = 20%
SP = 80
Profit = 28%
CP = 62.5
If the discount was 13%
The SP = 87
Profit = 87 - 62.5 = 24.5
Profit % = 24.5 / 62.5 × 100 = 39.2%