Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A shopkeeper sold an article offering a discount of 5\% and earned a profit of 23.5\%. What would have been the percentage of profit earned if no discount was offered?
(a)24.5
(b)28.5
(c)30
(d)Data inadequate
(e)None of these
Answer
Answer (as printed): C
Explanation
Let C.P. be ₹ 100. Then, S.P. = ₹ 123.50. Let marked price be ₹ $x$. Then, $\frac{95}{100} x=123.50 \Rightarrow x=₹\left(\frac{12350}{95}\right)=₹ 130$. Now, S.P. $=₹ 130, \mathrm{C} . \mathrm{P} .=₹ 100$. $$\therefore \quad \text { Profit } \%=30 \% .$$
Explanation as extracted from the printed page; notation may be imperfect.