A shopkeeper labelled 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 labelled price. What is the actual percent profit earned in the deal?

Options

A. 0.18
B. 0.15
C. 0.2
D. None of these

Explanation

Le the cost price of the article be 100
to earn a profit of 30% he labelled them ₹130.
After giving a discount of 10% the selling price of the article `= 0.9 xx 130 = 117`
So, actual profit perent `= ((117 -100))/(100) xx 100 = 17%`