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?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%
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