A shopkeeper labeled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labeled price. What is the actual percent profit earned in the deal?
Choose the correct answer
A) 18 % B) 20 % C) 17 % D) 18 % E) none of these

Rationale: explanation : let the cp of the article = rs . 100 . then labeled price = rs . 130 . sp = rs . 130 - 10 % of 130 = rs . 130 - 13 = rs . 117 . gain = rs . 117 – rs . 100 = rs . 17 therefore , gain / profit percent = 17 % . answer : option c
Answer: C