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 ?

10%
15%
20%
25%

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.

Therefore, his percentage is = $\frac{15}{60} x 100$ = 25%

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