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    Question

    A glass bowl originally priced at ₹550 is marked with

    a 38% markup above its cost price. It is then sold after applying two consecutive discounts: the first being a 10% reduction, followed by a flat discount of ₹56.10. What is the overall profit percentage earned on selling the glass bowl?
    A 12.8% Correct Answer Incorrect Answer
    B 14% Correct Answer Incorrect Answer
    C 16% Correct Answer Incorrect Answer
    D 11.6% Correct Answer Incorrect Answer

    Solution

    Marked price of the bowl = 550 X 1.38 = Rs. 759 Selling price of the bowl = 759 X 0.9 - 56.10 = 683.1 - 56.1 = Rs. 627 So, percentage of profit earned = {(627 - 550)/550} X 100 = 14%

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