Question
Download Solution PDFA shopkeeper sells his goods by allowing 18% discount and still earns 30% profit. If he sells his goods by allowing 12% discount on the marked price, then what will be his profit percentage (correct to 2 decimal places)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept used:
CP/MP = (100 - Discount%) / (100 + Profit%)
Calculation:
According to the given concept,
CP/MP = (100 - 18)/(100 + 30) = 82/130 = 41/65
So, CP = 41 unit and MP = 65 unit
Now, he sells his goods at 12% discount, SP = 65 × 88/100 = 57.2
So profit% = (57.2 - 41)/41 × 100 = 39.51%
∴ The correct answer is 39.51%
Last updated on Jul 22, 2025
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