Question
A shopkeeper sold an article after offering two
successive discounts of 21% and 25%, respectively. The marked price of the article is Rs. 2300. 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. 2300 Selling price of the article = 2300 × 0.79 × 0.75 = Rs. 1362.75 Cost price of the article = Rs. 1362.75 So, loss percentage = [(1500 – 1362.75)/1500] × 100 = 9.15%
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