Question
Ritika purchased a washing machine for Rs. 18,000,
listed it 30% above the cost price, and sold it after allowing successive discounts of 10% and 20%. What percentage loss did Ritika make on the sale?Solution
ATQ,
Marked price = 18000 + (0.3 × 18000) = Rs. 23,400 Selling price = 23400 × 0.90 × 0.80 = Rs. 16,848 Loss = 18000 – 16848 = Rs. 1,152 Loss% = (1152 / 18000) × 100 = 6.4%
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