1. A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labelled price. What is the actual percent profit earned in the deal?
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By: anil on 05 May 2019 01.34 am
Let the cost price of the article is 100 In order to earn 30% profit, the shopkeeper will sell it for 130 Discount = 10% of 130 = 13 SP = 130-13 = 117 Profit % =$$frac{117-100}{100}*100$$ = 17%
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