A shopkeeper marked his article 60% above the cost price and gives a discount of 30% on it. If he had marked his article 80% above the cost price and gives a discount of 30% on it then find the earlier profit is what percent of the profit earned latter?

Options

A. 0.46
B. 0.6
C. `33(1)/(3)%`
D. 0.4

Answer

A

Explanation

Let the CP be Rs. 100x
Then , MP = Rs. 160X
SP `= 160 xx (70)/(100) `= Rs. 112x
Profit = Rs. 12x
New MP = Rs. 180x
New SP `= 180 x xx (70)/(100) `= Rs. 126x
New profit = Rs. 26x
Required % ` = (12x)/(26) xx 100 ~~ 46%`