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      Question

      A shopkeeper marked an article 70% above its cost price

      and made a profit of Rs. 742 when he sold the article after giving a discount of 10%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2100.
      A 55% Correct Answer Incorrect Answer
      B 56% Correct Answer Incorrect Answer
      C 50% Correct Answer Incorrect Answer
      D 57% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.9 × 1.7 × x = Rs. 1.53x According to question; 1.53x – x = 742 Or, 0.53x = 742 Or, x = 1400 Desired Percentage = [(2100 – 1400)/1400] × 100 = 50%

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