The marked price of an article is Rs. 550. A shopkeeper allows a discount of 20% and still gets a profit of 10%. If he sells it for Rs. 470, his profit percent will be:

Answer: Option C

Solution

Answer: Option C

Solution:

Cost price = 400
Selling price = 470
Profit % $$=\frac{70}{400}\times 100=17.5\%$$