📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A shopkeeper marked up his articles 50% above its cost

    price and sold it after two successive discounts of 15% and 30%, respectively. Find his profit percentage.
    A 10.75% Correct Answer Incorrect Answer
    B 15.75% Correct Answer Incorrect Answer
    C 14.14% Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the article be Rs. '100b'. Marked price of the article = 1.50 × 100b = Rs. '150b'. Selling price of the article = 150b × 0.85 × 0.70 = Rs. '89.25b'. Therefore, profit percentage = [(100b - 89.25b) ÷ 100b] × 100 = 10.75%.

    Practice Next
    More Profit and loss Questions
    ask-question