A shopkeeper allows 10% discount on the marked price of an article and still gains 17%. If he gives 15% discount on the marked price, then his profit percent is:
Answer & explanation
Correct answer: option 2
CP MP
100 - D% 100 + P%
100 - 10% 100 + 17%
90 117
Discount offered 15% on the MP =
Selling price = 85% of the marked price = 85% of 117 = 99.45
Profit%= (99.45 - 90 ) × \(\frac{100}{90}\) = 10.5%