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.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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