A shopkeeper allows a discount of 10% on every item. Even after discount, he makes a profit of 50%. If a discount is not given, then profit % is?
Answer & explanation
Correct answer: option 4
CP : MRP
(100 - Discount) : (100 + Profit)
(100 - 10) : (100 + 50)
90 : 150
3 : 5
If discount not given then S.P. = MRP = 5R
Profit = 5R - 3R = 2R
P% = \(\frac{2}{3}\) × 100% = 66.66%