Question
A shopkeeper sold an article after offering two
successive discounts of 16% and 15%, respectively. The marked price of the article is Rs. 2000. If the cost price of the article is 1500, then find the profit/loss percentage in the whole transaction.Solution
Marked price of the article = Rs. 2000 Selling price of the article = 2000 × 0.84 × 0.85 = Rs. 1428 Cost price of the article = Rs. 1428 So, loss percentage = [(1500 – 1428)/1500] × 100 = 4.8%
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