A shopkeeper calculated his profit percentage on the selling price and says it is 12.5 percent. What is the actual profit percentage (on cost price)?

A shopkeeper calculated his profit percentage on the selling price and

1.	A shopkeeper calculated his profit percentage on the selling price and says it is 12.5 percent. What is the actual profit percentage (on cost price)?
A.	11.11 percent
B.	14.28 percent
C.	12.5 percent
D.	10 percent
Answer» C. 12.5 percent

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A shopkeeper calculated his profit percentage on the selling price and says it is 12.5 percent. What is the actual profit percentage (on cost price)?

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