Question

A shopkeeper labelled the price of his articles so as to earn a profit of $30\%$ on the cost price. He, then sold the articles by offering a discount of $10\%$ on the labelled price. What is the actual percent profit earned in the deal?

• A. $18\%$
• B. $15\%$
• C. $20\%$
• D. None of these

Answer 1

The correct option is D

None of these

Let the cost price of the articles be Rs.100.
Marked Price = Rs.130

Selling Price = Marked Price - Discount
After giving a discount of $10\%$,

the selling price of the articles = Rs.130 - (10% of Rs.130) = Rs.130- 13 = Rs. 117
So, actual profit percent $=\frac{(117-100)}{100}\times 100=17\%$