Question

    A saree having cost price of Rs. 1000 is marked up by

    40% above its cost price and sold after offering two successive discounts of 10% and 20% respectively. What is the profit earned on selling the saree?
    A Rs. 9 Correct Answer Incorrect Answer
    B Rs. 10 Correct Answer Incorrect Answer
    C Rs. 8 Correct Answer Incorrect Answer
    D Rs. 12 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the Saree = 1000 × 1.40 = Rs. 1400 Selling price of the Saree = 1400 × 0.9 × 0.8 = Rs. 1008 So, profit earned = 1008 – 1000 = Rs. 8

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