Multiple Choice Questions on A shopkeeper sold an article offering a discount of 5 and earned a profit of 23 5 What would have be........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper sold an article offering a discount of 5 and earned a profit of 23 5 What would have be...........

Quantitative Aptitude ( CCS) Profit and loss
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    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 had been offered?

    28.5

    Incorrect Answer

    24.67

    Incorrect Answer

    30

    Correct Answer

    Data inadequate

    Incorrect Answer
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    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 = 123.50/95 = Rs. 130
    Now, S.P. = Rs. 130, C.P. = Rs. 100
    Profit % = 30%.
    Hence, option 3 is the correct answer.

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