Question

    A shopkeeper sold an article after offering two

    successive discounts of 22% and 20%, 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.
    A 25.12% Correct Answer Incorrect Answer
    B 20.12% Correct Answer Incorrect Answer
    C 21.12% Correct Answer Incorrect Answer
    D 22.12% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = Rs. 2400 Selling price of the article = 2400 × 0.78 × 0.8 = 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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