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.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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