A shopkeeper gains 17 % after allowing a discount of 10 % on marked price of an article. Find his pr

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7.Profit and Loss

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A shopkeeper gains $17 \%$ after allowing a discount of $10 \%$ on the marked price of an article. Find his profit percent if the article is sold at marked price allowing no discount.

A

$27$

B

$30$

C

$37$

D

$23$

Solution

Let cost price $=₹ 100$.

Profit $\%=17 \%$

$\therefore$ $S.P.$ $=117 ₹$

$\therefore$ $M.P.$ $=\frac{117}{90} \times 100$

$M.P.$ $=130 ₹$

without discount the profit $\%=\frac{130-100}{100} \times 100$

$=30 \%$

Standard 13

Quantitative Aptitude

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