In a scheme, a shopkeeper offers 4% discount if you buy three or more products. Ritu buys three bottles of guava juice for ₹330. If the shopkeeper still makes a profit of 10%, find the profit he would make if had sold it without discount (rounded off to 2 decimal places).
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Correct answer: D
Explanation
The correct answer is option 4 i.e 14.58%.
Ritu buys 3 bottles for ₹330 after a 4% discount.
So, ₹330 is 96% of the original price (since 100% - 4% = 96%).
Let the original price (before discount) = x
Then,
96% of x = 330 ⇒ 0.96 × x = 330 ⇒ x = 330 / 0.96 = ₹343.75
So, the original price (without discount) is ₹343.75.
Selling Price (SP) = CP + 10% of CP = 1.10 × CP
So,
1.10 × CP = 330 ⇒ CP = 330 / 1.10 = ₹300
So, the cost price of 3 bottles is ₹300.
If no discount was given, the selling price would be ₹343.75
So, profit = 343.75 - 300 = ₹43.75
Profit % = (Profit / Cost Price) × 100 = (43.75 / 300) × 100 = 14.58%