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      Question

      A saree having cost price of Rs. 1300 is marked up by

      50% 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. 100 Correct Answer Incorrect Answer
      B Rs. 104 Correct Answer Incorrect Answer
      C Rs. 103 Correct Answer Incorrect Answer
      D Rs. 108 Correct Answer Incorrect Answer

      Solution

      Marked price of the Saree = 1300 Γ— 1.50 = Rs. 1950 Selling price of the Saree = 1950 Γ— 0.9 Γ— 0.8 = Rs. 1404 So, profit earned = 1404 – 1300 = Rs. 104

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