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      Question

      A shopkeeper sold an article after offering two

      successive discounts of 19% and 20%, respectively. The marked price of the article is Rs. 1500. If the cost price of the article is 2000, then find the profit/loss percentage in the whole transaction.
      A 31.4% Correct Answer Incorrect Answer
      B 41.4% Correct Answer Incorrect Answer
      C 71.4% Correct Answer Incorrect Answer
      D 51.4% Correct Answer Incorrect Answer

      Solution

      Marked price of the article = Rs. 1500 Selling price of the article = 1500 × 0.81 × 0.8 = Rs. 972 Cost price of the article = Rs. 972 So, loss percentage = [(2000 – 972)/2000] × 100 = 51.4%

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