Profit and Loss Practice Test 3

Question : 5 of 40

Marks: +1, -0

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% in the labelled price. What is the actual per cent profit earned in the deal?

18%
15%
20%
None of these

Validate

Solution:

\table \CP ,\MP ,\SP;100,100+30/100×100=130,130-130×10/100=117

Actual profit per cent

={117-100}/100×100=17%

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