Question

A trader makes a profit of 10% on an article by selling it after allowing a discount of 20%. If he allows a discount of 10% only, find his profit percentage
A. 172/3%
B. 191/2%
C. 211/4%
D. 233/4%

Answer 1

Correct Answer - D
(i) Consider the M.P. as 100.
(ii) Calculate S.P. as M.P. and discount % is known.
(iii) Calculate the new S.P., where discount =10%
(iv) Calculate the new profit % as S.P. and C.P. are known.