A shopkeeper offered a discount of 15% on the labelled price. By selling an article for ₹ 340 after giving… · ABC26GN2844

Subject: General Aptitude · Chapter: Profit and Loss · Exam: Bank P.O. 2008

A shopkeeper offered a discount of 15\% on the labelled price. By selling an article for ₹ 340 after giving discount he earned a profit of $13 \frac{1}{3} \%$. What would have been the percent profit earned if no discount was offered?
(a)27
(b)$28 \frac{1}{3}$
(c)$30 \frac{1}{3}$
(d)$33 \frac{1}{3}$
(e)None of these
Answer
Answer (as printed): D
Explanation
S.P. $=₹ 340$. Let marked price be ₹ $x$. Then, $85 \%$ of $x=340 \Rightarrow x=\left(\frac{340 \times 100}{85}\right)=400$. $$\text { C.P. }=₹\left(100 \times \frac{3}{340} \times 340\right)=₹ 300 \text {. }$$ Now, C.P. $=₹ 300$. S.P. $=₹ 400$. $$\text { ∴ } \text { Required profit } \%=\left(\frac{100}{300} \times 100\right) \%=33 \frac{1}{3} \% \text {. }$$

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Profit and Loss

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