A shopkeeper sold an article offering a discount of 4% and earned a profit of 32%. What would have been the percentage of profit earned if no discount was offered?	Select the correct option
A) 24.5
B) 28.5
C) 30.5
D) 32.5
E) 37.5

Rationale: let c . p . be rs . 100 . then , s . p . = rs . 132 let marked price be rs . x . then , 96 / 100 x = 132 x = 13200 / 96 = rs . 137.5 now , s . p . = rs . 137.5 , c . p . = rs . 100 profit % = 37.5 % . answer : e
Answer: E