Ashwin bought an article at ? 200 and marked it at ? 300 ....

Ashwin bought an article at $? 200$ and marked it at $? 300 .$ He offered a discount and then sold it his profit/ loss percentage and discount percentage are in the ratio $3: 2 .$ Find his profit/loss percentage.
(A) $29 \%$ profit
(B) $25 \%$ profit
(C) $20 \%$ loss
(D) $25 \%$ loss

Key Concepts

Ratio and Proportion

Ratios and proportions are mathematical tools that express the relative sizes of two or more quantities. They are used to describe relationships between different percentage values, such as comparing the profit or loss percentage to the discount percentage in a sales scenario.

Percentage Calculations

Percentage calculations are used to determine various financial metrics such as discounts, profits, and losses. These calculations enable one to compare differences on a normalized scale, facilitating proper financial analysis.

Discount

A discount is a reduction from the marked price offered to the customer during purchase. It is usually expressed as a percentage and directly impacts the sale price, thereby affecting the final profit or loss margin.

Profit and Loss Percentages

Profit or loss percentage measures the gain or deficit relative to the cost price, calculated by comparing the difference between the sale price and cost price to the cost price. It is a key indicator of the success or failure of a sale transaction.

Cost Price and Marked Price

Cost price is the amount paid to acquire a product, while marked price is the price tagged on the product by the seller, often higher than the cost price. The difference between these two values forms the basis for calculating profit if sold above cost price or loss if sold below it.

Please give Ace some feedback