Question
A saree having cost price of Rs. 800 is marked up by 60%
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 = 800 × 1.60 = Rs. 1280 Selling price of the Saree = 1280 × 0.9 × 0.8 = Rs. 921.6 So, profit earned = 921.6 – 800 = Rs. 121.6
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