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