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    Question

    A shopkeeper sold an article after offering two

    successive discounts of 17% and 15%, respectively. The marked price of the article is Rs. 1200. If the cost price of the article is 1000, then find the profit/loss percentage in the whole transaction.
    A 10.34% Correct Answer Incorrect Answer
    B 11.34% Correct Answer Incorrect Answer
    C 12.34% Correct Answer Incorrect Answer
    D 15.34% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = Rs. 1200 Selling price of the article = 1200 × 0.83 × 0.85 = Rs. 846.6 Cost price of the article = Rs. 846.6 So, loss percentage = [(1000 – 846.6)/1000] × 100 = 15.34%

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