What is the percent profit earned by a shopkeeper on selling the articles in his shop? I. Labelled price of the articles sold was 130% of the cost price. II. Cost price of each article was $550. III. A discount of 10% on labelled price was offered.

Question cannot be answered even with the information in all the three statements.

What is the percent profit earned by a shopkeeper on selling the artic

1.	What is the percent profit earned by a shopkeeper on selling the articles in his shop? I. Labelled price of the articles sold was 130% of the cost price. II. Cost price of each article was $550. III. A discount of 10% on labelled price was offered.
A.	Only I
B.	Only II
C.	Only III
D.	All the three are required.
E.	Question cannot be answered even with the information in all the three statements.
Answer» C. Only III

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What is the percent profit earned by a shopkeeper on selling the articles in his shop? I. Labelled price of the articles sold was 130% of the cost price. II. Cost price of each article was $550. III. A discount of 10% on labelled price was offered.

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