A shopkeeper’s price is 50% above the cost price. If he allows his customer a discount of 30% what profit does he make? Choose the correct option:
A) 5%
B) 10%
C) 15%
D) 20%
E) None of these
Let C.P. = 100, then M. P. = 150   S.P. = 70% of 150 = 105   ∴ % profit = 105−100/100×100=5%   5%nswer 5%
<result>A</result>
A shopkeeper’s price is 50% above the cost price. If he allows his customer a discount of 30% what profit does he make?