Multiple choice

A shopkeeper allows 16% discount on every item. Even after giving the discount, he makes a profit of 8%. If he gives 8% discount instead of 16% on an item marked for Rs.1800, then what will be his profit percent? (correct to 2 decimal places)

  1. $19$
  2. $18$
  3. $18.31$
  4. $18.29$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

With 16% discount: SP = 0.84MP = 1.08CP, so CP = 0.84/1.08 × MP. For MP = 1800: CP = 0.84/1.08 × 1800 = 1400. With 8% discount: SP = 0.92 × 1800 = 1656. Profit = (1656-1400)/1400 × 100 = 18.29%.