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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.480 above its cost price, then find the profit/loss on the school bag.
    A Rs.125 Correct Answer Incorrect Answer
    B Rs.140 Correct Answer Incorrect Answer
    C Rs.270 Correct Answer Incorrect Answer
    D Rs.100 Correct Answer Incorrect Answer

    Solution

    Marked price = 540/(0.80 x 0.90) = Rs.750 Cost price of the article = 750 – 480 = Rs.270 Required profit = 540 – 270 = Rs.270

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