# If he sells it at 10% discount on marked price then, the profit is:

A shopkeeper fixes the price of an article at 30% higher than its actual cost. If he sells it at 10% discount on marked price then, the profit is:

- 18%
- 17%
- 19%
- 20%

**Answer: (2) 17%**

**Explanation:-**

Let the cost price of an article = Rs. 100

A shopkeeper fixes the price of an article at 30% higher than actual cost.

Then marked price of the article = 100 + 100 x 30/100

= 100 + 30

= Rs. 130

If he sells it at 10% discount on marked price.

Then selling price of same article = 130 – 130 x 10/100

= 130 -13

= Rs.117

Then percentage of profit = 117 – 100

= 17%

Hence, correct answer is option (2) 17%.