Question
A school bag is sold for Rs.450 after giving two
successive discounts of 10% and 20%. If school bag is marked up by Rs.300 above its cost price, then find the profit/loss on the school bag.Solution
Marked price = 450/(0.80 x 0.90) = Rs.625 Cost price of the article = 625 – 300 = Rs.325 Required profit = 450 – 325 = Rs.125
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