Discussion
A shopkeeper sells an article for ₹ 324 after giving a discount of 28% on its marked price. The cost price of the article is ₹ 300. If he sells the article by giving 18% discount on its same marked price, then what will be his profit percent ?
Answer: C
The profit will be 23%.
Find the marked price from the first sale, then the new selling price:
\[ \begin{aligned} MP &= \frac{324}{0.72} = 450 \\ SP &= 450 \times 0.82 = 369 \\ \text{profit} &= \frac{369 - 300}{300} \times 100 = 23\% \end{aligned} \]
The present profit on ₹ 324 is 8%; cutting the discount by 10 percentage points raises the selling price by ₹ 45, which adds 15% of the cost price. 10% and 24% do not follow from these figures.
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