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?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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