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Question

A shop owner sells 24 articles at the rate of Rs. 40 per article after giving 10% discount and still earns 50% profit per article. What will be his profit, if he does not give the discount?
  1. 60%
  2. 66.67%
  3. 75%
  4. Cannot be determined


Solution

The correct option is B 66.67%
Let the cost price of the product be = x and the selling price = y
Then, 0.9y=1.5xy=1.50.9x=53x
Without discount the profit percentage will be =yxx×100=23xx×100=66.67%

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