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      Question

      A school bag is sold for Rs.216 after giving two

      successive discounts of 10% and 20%. If school bag is marked up by Rs.150 above its cost price, then find the profit/loss on the school bag.
      A Rs.60 Correct Answer Incorrect Answer
      B Rs.54 Correct Answer Incorrect Answer
      C Rs.66 Correct Answer Incorrect Answer
      D Rs.95 Correct Answer Incorrect Answer

      Solution

      Marked price = 216/(0.80 x 0.90) = Rs.300 Cost price of the article = 300 – 150 = Rs.150 Required profit = 216 – 150 = Rs.66

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