Question

A shopkeeper sold an article for Rs. 6750 after giving a discount of 10% on the labelled price. He would have earned a profit of 50% had there been no discount. What was the actual percentage of profit earned?

• A. $36\%$
• B. $40\%$
• C. $44\%$
• D. $35\%$

Answer 1

Answer: (D)

Given that, $S.P.=Rs.6750$ and $Discount=10\%$

We know that,

$S.P.=M.P.[1-\frac{Percentagediscount}{100}]$

$\therefore M.P.=Rs.\left(\frac{6750\times 100}{90}\right)=Rs.7500$

Also given that, if there was no discount, $S.P.=Rs.7500$ and $Profit=50\%$

We also know that,

$C.P.=\left[\frac{100\times S.P.}{100+Profit\%}\right]$

$\therefore C.P.=Rs.\left(\frac{7500\times 100}{150}\right)=Rs.5000$

$\therefore \text{Actual profit}=Rs.6750-Rs.5000=Rs.1750$

$\text{And actual profit}\%=\frac{1750}{5000}\times 100=35\%$

Hence, option D is correct.