A shopkeeper gains 17% after allowing a discount of 10% on the marked price of an article. Find his profit percent if the article is sold at marked price allowing no discount.
Correct Answer: Description for Correct answer:
Let the cost price = Rs.100
Therefore, Selling price = \( 100 \times \frac{117}{100} = Rs.117 \)
Therefore, Marked price = \( 117 \times \frac{100}{90} = 130 \)
Therefore, Profit Percentage = \( \frac{ \left(130-100\right) }{100} \times 100 = 30\% \)
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