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    Question

    An item is priced 50% above its cost price. It is then

    subjected to two consecutive discounts of 12% and 13.5% on the marked price. Determine the overall profit or loss percentage after these discounts.
    A 21.5% Correct Answer Incorrect Answer
    B 14.18% Correct Answer Incorrect Answer
    C 16.16% Correct Answer Incorrect Answer
    D 12.18% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the item = Rs. 100a Marked price = 100a * 150% = Rs. 150a Selling price = 150a * 88% * 86.5% = Rs. 114.18a Profit % = 14.18%

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