A shopkeeper labeled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labeled price. What is the actual percent profit earned in the deal?

  • 18%
  • 15%
  • 20%
  • Cannot be determined
  • None of these
  • Explanation:

    Required profit = 30-10-300/100 = 17%

A shopkeeper labeled the price of his articles so as to earn a profit of 30% on the cost price.
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