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?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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