A shopkeeper sells his goods by allowing 18% discount and still earns 30% profit. If he sells his goods by allowing 12% discount on the marked price, then what will be his profit percentage (correct to 2 decimal places)?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 39.51%.
Let the marked price of goods be Rs. 100.
Discount = 18%
Profit 30%
Selling price,
⇒
⇒ = Rs. 82
Now,
⇒ = Rs. 63.08
Now, new discount on marked price = 12%
So,
⇒ = Rs. 88
Profit = SP - CP
⇒ 88 - 63.08 = Rs. 24.92
Profit percentage =
⇒ = 39.5053 ≈ 39.51%
Hence the profit percentage is 39.51%.