A shopkeeper allows 16% discount on every item. Even after giving the discount, he makes a profit of 8%. If he gives 8% discount instead of 16% on an item marked for ₹1800, then what will be his profit percent? (correct to 2 decimal places)
Answer & explanation
Correct answer: option 4
CP MP
(100 - D%) (100 + P%)
(100 - 16%) (100 + 8%)
(84) (108)
Now 8% discount on MP means 92% of the MP
92% of 108 = 99.36
Profit% = \(\frac{(99.36 - 84) × 100}{84}\) = 18.29%
NOTE:- There is no use of actual data in this type of questions.