A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labelled price. What is the actual percent profit earned in the deal ?
A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labelled price. What is the actual percent profit earned in the deal ?
A18%
B15%
C20%
DCannot be determined
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Correct answer is: Cannot be determined
Explanation:
Let the cost price of the article be Rs. 100.
Therefore, Marked price = Rs.130
Therefore, S.P. of the article = \(\Large \frac{130 \times 90}{100} \text{= Rs.117}\)
\(\therefore \text{Actual gain per cent = 17}\)
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