A shopkeeper gains 30% after allowing a discount of 20% on the marked price of an article. Find his profit per cent if the articles are sold at a marked price allowing no discount.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 62.5%.
Let the Cost Price = C , Marked Price = M.
Selling Price after 20% discount = M × 0.8
Profit = 30%, so
M × 0.8 = C × 1.3
M = 1.3C/0.8 = 1.625C
If sold at Marked Price M (no discount), Profit % =