Question 19

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 per cent profit earned in the deal?

Name: 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 per cent profit earned in the deal?
Uploaded: July 14, 2023, 10:21 a.m.
Duration: 0
Description: 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 per cent profit earned in the deal?

Solution

Let the cost price of the article be Rs.100x.

Marked price = Rs.130x

S.P. of the article = $$\ \frac{\ 130x\times\ 90}{100}$$ = Rs.117x

Actual percent profit = $$\ \frac{\ 117-100}{100}\times\ 100$$

=17%

D is the correct answer.

Share on Whatsapp Share on Whatsapp

Video Solution

Click on the Email ☝️ to Watch the Video Solution

Create a FREE account and get:

All Quant Formulas and shortcuts PDF
170+ previous papers with solutions PDF
Top 5000+ MBA exam Solved Questions for Free

SNAP Quant Questions | SNAP Quantitative Ability

SNAP Logarithms, Surds and Indices Questions SNAP Quadratic Equations Questions SNAP Inequalities Questions SNAP Geometry Questions SNAP Venn Diagrams Questions

SNAP DILR Questions | LRDI Questions For SNAP

SNAP Logical Reasoning Questions SNAP Data Interpretation Questions

SNAP Verbal Ability Questions | VARC Questions For SNAP

SNAP Grammar and Sentence Correction Questions SNAP Para Jumbles Questions SNAP Reading Comprehension Questions SNAP Para Summary Questions SNAP Vocabulary Questions

Also Read

SNAP Syllabus

SNAP Admit Card

SNAP Cutoffs

SNAP Eligibility Criteria

SNAP Exam Dates

SNAP Colleges List

SNAP Study Material

SNAP Registration

SNAP Result

SNAP Previous Year Papers

SNAP Crash Course

SNAP Mock Tests

SNAP 2013 Question Paper

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 per cent profit earned in the deal?

Video Solution

SNAP Quant Questions | SNAP Quantitative Ability

SNAP DILR Questions | LRDI Questions For SNAP

SNAP Verbal Ability Questions | VARC Questions For SNAP

Also Read

Free SNAP Quant Questions

Login to your Cracku account

Hello! 👋

Ready to Unlock Your Success?

Please Enter Your OTP

Please enter the following details

Create a free Cracku account

Get Started with 5000+ Free CAT Questions & Mock Tests with Detailed Solutions!