Profit and loss

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A shopkeeper gains 15% after allowing a discount of 20% on the market price of an article. Find his profit %, if the articles are sold at market price allowing no discount ?

50%

53.75%

43.76%

45%

Explanation:

Market price = Rs.100
SP = Rs.80, Discount = 20
Gain = 15%
CP = 80*100/115 = 69.56
Profit % = [100-69.56/69.56]*100
= 30.44*100/69.56
= 43.76%

By: Amit Kumar

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