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)

18.29

            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.