Question
Quantitative Aptitude Question on Percentage
A retailer purchases shirts from a distributor at the rate of 300 per shirt and puts the label of 450 on each shirt. If the retailer allows some discount and still make a profit of 23%, then what is the discount percentage offered by the shopkeeper?
A
16%
B
17%
C
18%
D
19%
Answer
18%
Explanation
Solution
The correct answer is (C);18%