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The marked price of an article is Rs 550 A shopkeeper...

This question belongs to Arithmetic Ability True Discount
True Discount
?

The marked price of an article is Rs. 550. A shopkeeper allows a discount of 20% and still gets a profit of 10%. If he sells it for Rs. 470, his profit percent will be:

Answer & Solution
Correct Answer: Option C
True Discount mcq question image
Cost price = 400
Selling price = 470
Profit % $$ = \frac{{70}}{{400}} \times 100 = 17.5\% $$
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