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The market price of an article fixed by a shopkeeper is 30% higher than the cost price. If he sells the article allowing a 10% discount to customers, then the profit percentage will be
  • a)
    17%
  • b)
    16(⅔)%
  • c)
    12(½)%
  • d)
    15%
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The market price of an article fixed by a shopkeeper is 30% higher th...
Let the cost price be Rs. 100.
Then,
Market price = Rs. 130
Discount is 10%.
Selling price after discount = Rs. 117
Therefore, profit = 117 - 100 = 17
Percentage Profit = (17/100) x 100 = 17%
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