In a sale, a shopkeeper offers a 15% discount on clothes if you buy more than two items. Priya buys four shirts for ₹2040. If the shopkeeper still makes a 20% profit, find the profit the shopkeeper would make if he had sold the clothes at full price.
Show answer & explanation
Correct answer: B
Explanation
Discount = 15%
Profit = 20%
According to the formula:
SP = CP × (1 + Profit/100)
2040 = CP × 1.20
CP = 2040 / 1.20 = 1700
selling price without discount
2040 = 85%
100%
Profit (without discount) = 2400 − 1700 = ₹700