Question

    An item is marked up by 60% over its cost price and sold

    with two successive discounts of 15% and 10%. What is the shopkeeper’s profit or loss percentage?
    A 22.4% profit Correct Answer Incorrect Answer
    B 12.5% loss Correct Answer Incorrect Answer
    C 32.5% Loss Correct Answer Incorrect Answer
    D 29.9% profit Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price = Rs. 100 Marked price = 1.60 × 100 = Rs. 160 Selling price = 160 × 0.85 × 0.90 = Rs. 122.4 Profit percent = (122.4 – 100)/100 × 100 = 22.4%

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