A shopkeeper marks an item 30% above CP and offers a 10% discount. What is his profit percentage?

Topic: Profit and Loss
Subtopic: Marked Price and Discount

A15%

B17%

C18%

D20%

Explanation

Let CP = 100. Marked Price = 130. Discount = 10% of 130 = 13. Selling Price = 130 – 13 = 117. Profit = 17%.

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