Question

A shopkeeper labelled the price of the articles so as to earn a profit of 30% on the cost price. He,then sold the articles by offering a discount of I 0% on the labelled price. What is the actual per cent profit earned in the deal ?
A. 0.18
B. 0.15
C. 0.2
D. None of these

Answer 1

Let the cost price of the article be ₹ 100
Market Price = ₹130
After given a discount of 10% the selling price of the article `=0.9 xx 130 = 117`
So, actual profit per cent `=(117-100)/(100)xx 100 = 17%`