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August 12 2017
Question A shopkeeper offered a discount of 15% on the labelled price. By selling an article for Rs. 340 after giving discount he earned a profit of 40/3%. What would have been the percent profile earned if no discount was offered.
Answer

Let the marked price be Rs. x

Then, 85% of x =340

Thus, 85x/100 = 340 so x = Rs. 400

Therefore C.P. = [100/(100 + gain%)]*S.P.

= [100/(100 + 40/3)]*340

= Rs. 300

Therefore required gain percentage = [(400 – 300)/300]*100 =100/3 =33 (1/3)

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