After offering a discount of 37.5%, Pankaj sold the rice at a profit of 25%. Had he offered a discount of 41.67%, his profit or loss percent would have been:-
Choices:
A) 16.66% profit
B) 12% loss
C) 29.17% loss
D) 8.33% profit
E) None of these
Explanation :   Let the Marked Price of the rice = 8p,   And the discount is 37.5% i.e 37.5%=(3/8)MP.   Thus, the Selling Price is:-   =&gt;8p-(3/8)8p=5p.   =&gt;5p=CP(25/100)x25.   =&gt;CP=4p.   If he had offered a discount of 41.67%=5/12.   S.P=8p-(5/12)X8p.   =&gt;14p/3.   The profit is:-   =&gt;(14p/3)-4p.   =&gt;2p/3.   Hence, the required profit percentage is :-   =&gt;(2p/3)x100/4p.   =&gt;(100/6)%.   =&gt;16.66%.   16.66% profitnswer : 16.66% profit
<result>A</result>
After offering a discount of 37.5%, Pankaj sold the rice at a profit of 25%. Had he offered a discount of 41.67%, his profit or loss percent would have been:-