A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered?

A. 24.5
B. 28.5
C. 30
D. Data inadequate
E. None of these

Explanation:

Let C.P. be Rs. 100.

Then, S.P. = Rs. 123.50
Let marked price be Rs. x. Then, 95/100 x = 123.50
x = 12350/95 = Rs. 130
Now, S.P. = Rs. 130, C.P. = Rs. 100
Profit % = 30%.

Correct Answer: 30 ✔

Last Updated: February 07, 2020