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      Question

      A school bag is sold for Rs.630 after giving two

      successive discounts of 20% and 30%. If school bag is marked up by Rs.600 above its cost price, then find the profit/loss on the school bag.
      A Rs.100 Correct Answer Incorrect Answer
      B Rs.290 Correct Answer Incorrect Answer
      C Rs.270 Correct Answer Incorrect Answer
      D Rs.105 Correct Answer Incorrect Answer

      Solution

      Marked price = 630/(0.80 x 0.70) = Rs.1125 Cost price of the article = 1125 – 600 = Rs.525 Required profit = 630 – 525 = Rs.105

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