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    Question

    A school bag is sold for Rs.540 after giving two

    successive discounts of 10% and 20%. If school bag is marked up by Rs.400 above its cost price, then find the profit/loss on the school bag.
    A Rs.140 Correct Answer Incorrect Answer
    B Rs.190 Correct Answer Incorrect Answer
    C Rs.105 Correct Answer Incorrect Answer
    D Rs.125 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Marked price = 540/(0.80 x 0.90) = Rs.750 Cost price of the article = 750 – 400 = Rs.350 Required profit = 540 – 350 = Rs.190

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