New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A shopkeeper sold an article at marked price and got a

    profit of 70%. If he had given a discount of 30%, then find his new profit percent.
    A 35% Correct Answer Incorrect Answer
    B 48% Correct Answer Incorrect Answer
    C 19% Correct Answer Incorrect Answer
    D 29% Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the product be Rs. 100 Then, marked price = selling price = 100 × 1.70 = Rs. 170 If he allows a discount of 30%, then new selling price = 0.70 × 170 = Rs. 119 New Profit = (119 – 100) = Rs. 19 So, required profit percentage = 19%

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