A shopkeeper sold an article offering discount of 24 % and earn a profit of 23.5 % . What would have

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7.Profit and Loss

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A shopkeeper sold an article offering discount of $24 \%$ and earn a profit of $23.5 \% .$ What would have been the percentage of profit earned if no discount has been offered?

A

$63$

B

$62.50$

C

$60$

D

Cannot be determined

Solution

Let $C P=R s .100$

Then $S P=R s .123 .5$

Let Marked Price be $x$ Rs., then $x=\frac{123.50}{76} \times 100=$ $Rs. 162.50$

[on discount of $24 \%]$

So profit on Marked Price $=162.50-100=62.50 \%$

Standard 13

Quantitative Aptitude

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