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)

33.33

Discount = 10%

Profit = 20%

According to the question

⇒ (90% of MP) = (120% of CP)

\(\frac{MP}{CP}\) = \(\frac{4}{3}\) 

Profit = (4 – 3) = 1

Profit% = \(\frac{1 × 100}{3}\) 

⇒ 33.33%