After giving 10 percent discount on an article there is still a profit of 10 percent. What will be the profit percentage when no discount is given?
Answer & explanation
Correct answer: option 1
⇒ C.P : M.P = (100% - d%) : (100% + p%)
Therefore,
⇒ C.P : M.P = (100% - 10%) : (100% + 10%)
⇒ C.P : M.P = 90% : 110% = 9 : 11
Profit% = \(\frac{2 × 100}{9}\) = 22.22%