In festival season , a shopkeeper allows a discount of 10% of on every item. Even after giving the discount, he makes a profit of 20%. If he does not give any discount, then what will be his profit percent? (correct ot 2decimal places).
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e 33.33.
Let's assume the marked price of the article = Rs 100
After 10% discount, selling price = 100 × (100 - 10)/100 = Rs 90
Profit = 20%
Cost price = SP × 100/(100+profit%)
Cost price = 90 × (100/120) = Rs 75
Now according to the question if he sell the item on marked price then,
Profit percentage = = 33.33%