📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A retailer marked up an item's price by 50% above its

      cost. Afterward, the item was offered at successive discounts of 20% and 10%. What was the percentage profit earned by the retailer on this transaction?
      A 8% Correct Answer Incorrect Answer
      B 10% Correct Answer Incorrect Answer
      C 15% Correct Answer Incorrect Answer
      D 18% Correct Answer Incorrect Answer
      E 20% Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article = Rs. 100 So the marked price of the article = 1.50 × 100 = Rs. 150 Selling price of the article = 150 × 0.80 × 0.90 = Rs. 108 So the profit percent = (108 – 100)/100 × 100 = 8%

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question