Question
A shopkeeper sold an article after offering two
successive discounts of 20% and 22%, 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 × 0.8 × 0.78 = Rs. 1497.6 Cost price of the article = Rs. 1497.6 So, loss percentage = [(2000 – 1497.6)/2000] × 100 = 25.12%
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