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 ?

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BANK PO Exam (SBI) 2011 click here to view all questions

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 =  $\Large \frac{130 \times 90}{100} \text{= Rs.117}$ $\therefore \text{Actual gain per cent = 17}$ nithin ? answered Aug 8 '2022 at 22:59 All Comments

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