A shopkeeper gains 21% after allowing a discount of 12% on the marked price of an article. Find his profit percent, if the article is sold at marked price allowing no discount = ?
A. 30%
B. 35%
C. 37.50%
D. 31.50%
Answer: Option C
Solution (By Examveda Team)
| Cost Price | : | Markde Price |
| (100 - Discount%) | : | (100 + Profit%) |
| 88 | : | 121 |
| 8 | : | 11 |
If there is no discount given,
Then:
Marked price = Selling price
So, Profit %
$$\eqalign{ & = \frac{{11 - 8}}{8} \times 100 \cr & = \frac{3}{8} \times 100 \cr & = 37.50\% \cr} $$
This Question Belongs to Arithmetic Ability >> Profit And Loss
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