A dealer allows a 25% discount on the marked price of an article and gains 20%. If the cost price of the article increases by 20%, how much discount percentage should he allow on the marked price so as to earn the same percentage of profit as before?

A dealer allows a 25% discount on the marked price of an article and g

1.	A dealer allows a 25% discount on the marked price of an article and gains 20%. If the cost price of the article increases by 20%, how much discount percentage should he allow on the marked price so as to earn the same percentage of profit as before?
A.	8.5%
B.	10%
C.	12%
D.	7.25%
Answer» C. 12%

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A dealer allows a 25% discount on the marked price of an article and gains 20%. If the cost price of the article increases by 20%, how much discount percentage should he allow on the marked price so as to earn the same percentage of profit as before?

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