A shopkeeper labeled the price of his articles so as to earn a profit of 20% on the cost price. He then sold the articles by offering a discount of 5% on the labeled price. What is the actual percent profit earned in the deal?
Choose the correct choice:
A) 24% B) 20% C) 17% D) 18% E) None of these
Explanation:   Let the CP of the article = Rs.100.   Then labeled price = Rs.120.   SP = Rs.120- 5% of 120 = Rs.120-6 = Rs.124.   Gain = Rs.124 â€“ Rs.100 = Rs.24   Therefore, gain/profit percent = 24%.   24%nswer: Option 24%
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A shopkeeper labeled the price of his articles so as to earn a profit of 20% on the cost price. He then sold the articles by offering a discount of 5% on the labeled price. What is the actual percent profit earned in the deal?