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