Question
A saree having cost price of Rs. 1350 is marked up by 55% 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 = 1350 × 1.55 = Rs. 2092.5 Selling price of the Saree = 2092.5 × 0.9 × 0.8 = Rs. 1506.6 So, profit earned = 1506.6 – 1350 = Rs. 156.6
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