Question
A saree having cost price of Rs. 1100 is marked up by
65% 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 = 1100 × 1.65 = Rs. 1815 Selling price of the Saree = 1815 × 0.9 × 0.8 = Rs. 1306.8 So, profit earned = 1306.8 – 1100 = Rs. 206.8
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