In festival season, a shopkeeper allows a discount of 10% 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 to 2 decimal places)
Explanation:
Let the cost price of the article = 100C
Profit = 20%
Selling price of the article = 120100 × 100C = 120C
Discount = 10%
90100 × Marked price = 120C
Marked price of the article = 4003C
When no discount is provided,
Selling price = 4003C
Profit% = 4003C-100C100C × 100
= 33.33%
Hence, the correct answer is Option C
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