Question
A shopkeeper sells an article with two consecutive discounts of 10% and 20%, respectively, on a marked price of Rs. 1200. If the cost price of the article is Rs. 1000, calculate the overall profit or loss percentage in the transaction.
Solution
Marked price of the article = Rs. 1200 Selling price of the article = 1200 × 0.9 × 0.8 = Rs. 864 Cost price of the article = Rs. 1000 So, loss percentage = [(1000 – 864)/1000] × 100 = 13.6%
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