The marked price ofan article is Rs550 A shopkeeperallows a discount of 20 andstill gets a profit of...........

Quantitative Aptitude (CGL) Profit and loss

The marked price ofan article is Rs550. A shopkeeperallows a discount of 20% andstill gets a profit of 10%. If he sells it for Rs470,

his profit percent will be:

This questions was previously asked in

SSC CGL 10 June 2019 Shift-1

16.8

17.5

- The marked price of the article is Rs 550.

- The shopkeeper allows a discount of 20%, reducing the selling price to Rs 440 (550 - 20% of 550).

- The shopkeeper still gets a profit of 10%, meaning his cost price is 100/110 times the selling price of Rs 440, which equals Rs 400.

- If the article is sold for Rs 470, the profit is Rs 70 (470 - 400).

- The profit percentage is calculated as (Profit/Cost Price) x 100, which is (70/400) x 100 = 17.5%.

The correct answer is Option: 3, 17.5.

Submit Error