Question
A shopkeeper sold an article after offering two
successive discounts of 12% and 25%, respectively. The marked price of the article is Rs. 2400. If the cost price of the article is 2000, then find the profit/loss percentage in the whole transaction.Solution
Marked price of the article = Rs. 2400 Selling price of the article = 2400 × 0.88 × 0.75 = Rs. 1584 Cost price of the article = Rs. 1584 So, loss percentage = [(2000 – 1584)/2000] × 100 = 20.8%
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