A shop keeper sold an article at four-fifth of the marked price and suffered a loss of $$3 \frac{1}{3}\%$$. Find the profit percent, if he sold the article at the marked price. (correct to nearest integer)
Let the cost price of the article = 100C
Loss =Â $$3 \frac{1}{3}\%$$ =Â $$\frac{10}{3}\%$$
Selling price of the article = 100C - $$\frac{\frac{10}{3}}{100}\times$$100C
=Â $$\frac{290}{3}$$C
Shop keeper sold the article at four-fifth of the marked price.
$$\frac{290}{3}$$C =Â $$\frac{4}{5}\times$$Marked price of the article
Marked price of the article =Â $$\frac{725}{6}$$C
Profit percentage when article is sold at marked price =Â $$\frac{\frac{725}{6}C-100C}{100C}\times100$$
=Â $$\frac{125C}{6\times100C}\times100$$
= 20.833%
= 21% (approximately)
Hence, the correct answer is Option C
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