Question
An item priced at Rs. 1,500 has a
markup of 36% on its cost price and is sold with two successive discounts: the first being 15% and the second being Rs. 144. What is the profit percentage earned from selling the item?Solution
ATQ,
Marked price of the item = 1500 × 1.36 = Rs. 2,040 Selling price of the item = 2040 × 0.85 – 144 = 1734 – 144 = Rs. 1,590 So, profit % = {(1590 – 1500) ÷ 1500} × 100 = 6%
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