A shopkeeper labelled the price of the articles so as to earn a profit

1.	A shopkeeper labelled the price of the 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 profit earned in the deal ?1). 18%2). 15%3). 20%4). Cannot be determined
Answer» Solution Let the COST PRICE be x. As PER given condition, the labelled price will be 1.3x. Discounted price will be0.9*1.3x= 1.17x Now, Profit = Price at which ITEM was sold - Cost Price = 1.17x - x = .17x = 17% of Cost price. Hence, profit is 17%.

A shopkeeper labelled the price of the 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 profit earned in the deal ?1). 18%2). 15%3). 20%4). Cannot be determined

Answer»

Solution

Let the COST PRICE be x.
As PER given condition, the labelled price will be 1.3x.
Discounted price will be0.9*1.3x= 1.17x
Now, Profit = Price at which ITEM was sold - Cost Price = 1.17x - x = .17x = 17% of Cost price.
Hence, profit is 17%.

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A shopkeeper labelled the price of the 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 profit earned in the deal ?1). 18%2). 15%3). 20%4). Cannot be determined

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