CCommunity
Let say Marked Price = M
& Cost Price = C
Discount of 33.33%
Hence discount = M/3
Selling Price = M - M/3 = 2M/3
Loss of 11.11%
Loss = C/9
Selling Price = C - C/9 = 8C/9
=> 2M/3 = 8C/9
=> M = 4C/3
if 10% Discount is given selling Price = M - M/10 = 9M/10
Profit = 9M/10 - C
= 9 *4C/30 - C
= 6C/30
= C/5
Profit % = 100 * (C/5)/C = 20%
20 % profit
Hence Option (2) is correct.