question_answer

A shopkeeper purchased 25 identical pieces of mobile phones at the rate of Rs. 1500 each. He spent an amount of Rs. 2500 on transport and packing. He fixed the labeled price of each phone at Rs. 2000. However, he decided to give a discount of 5% on the labeled price. What is percent profit earned by him?

A) 18.75

B) 16.75

C) 14.75

D) 20.75

E) None of these