Question 60

In festival season, a shopkeeper allows a discount of 10% on every item. Even after giving the discount, he makes a profit of 20%. If he does not give any discount, then what will be his profit percent? (correct to 2 decimal places)

Solution

Let the cost price of the article = 100C

Profit = 20%

Selling price of the article = $$\frac{120}{100}\times$$100C = 120C

Discount = 10%

$$\frac{90}{100}\times$$Marked price = 120C

Marked price of the article = $$\frac{400}{3}$$C

When no discount is provided,

Selling price = $$\frac{400}{3}$$C

Profit% = $$\frac{\frac{400}{3}C-100C}{100C}\times100$$

= 33.33%

Hence, the correct answer is Option C

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