📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    ⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
    00:00:00 AM Left

    Question

    A shopkeeper marked the price of

    a laptop bag 125% higher than its cost price. He then sold the bag after applying three consecutive discounts of 20%, 20%, and 25%. Determined the percentage profit or loss he made in this transaction?
    A 8% Correct Answer Incorrect Answer
    B 2% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D 12% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the bag = Rs. 100 So the marked price of the bag = 100 × 2.25 = Rs. 225 So the selling price of the bag = 225 × 0.80 × 0.80 × 0.75 = Rs. 108 So the proift % = {(108 – 100)/100} × 100 = 8%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question