A shopkeeper sold an article offering a discount of 5% and earned a profit of 34.9%. What would have been the percentage of profit earned if no discount had been offered?  Choose the correct choice from the following options:
A) 28.5
B) 27.675
C) 30
D) data inadequate
E) 42

Rationale: "giving no discount to customer implies selling the product on printed price . suppose the cost price of the article is 100 . then printed price = 100 ã — ( 100 + 34.9 ) / ( 100 â ˆ ’ 5 ) = 142 hence , required % profit = 142 â € “ 100 = 42 % answer e"
Answer: E