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      Question

      A shopkeeper marks goods 40% above cost and offers two

      successive discounts of 20% and 25%. Find the overall profit or loss percent.
      A 20% profit Correct Answer Incorrect Answer
      B 16% loss Correct Answer Incorrect Answer
      C 24% loss Correct Answer Incorrect Answer
      D 10% profit Correct Answer Incorrect Answer

      Solution

      ATQ,

      Marked price = 1.4C After 20% discount: 1.4C × 0.8 = 1.12C After 25% discount: 1.12C × 0.75 = 0.84C Selling price = 0.84C < C → Loss Loss% = (C – 0.84C)/C × 100 = 16%

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