A shopkeeper makes a loss of 12 % by selling an item at 80% of its marked price. What will be the percent profit made by the shopkeeper if he sells the item as 95% of its marked price?

1. A shopkeeper makes a loss of 12 % by selling an item at 80% of its marked price. What will be the percent profit made by the shopkeeper if he sells the item as 95% of its marked price?

[Marcantile Bank PO-2011 : 2011]

1. 5% profit

2. 4.5% profit

3. 5% loss

4. 1% loss

5. None of these

Answer

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