A retailer buys product from a shopkeeper at discount of 40% on the list price (marked price) and sells them to the customer at a discount of 25% on the list price.What is his profit percentage ?
Correct Answer: 25%
Explanation:
Let the list price be Rs.100.
Therefore, the retailer is buying the products at Rs.60 and selling it to the customer at Rs.75, earning a profit of Rs.15.
