Question

A shopkeeper buys an article for ₹500. He marks it 40% above the cost price and allows two successive discounts of 10% and 5% on the marked price. Find the selling price and and his profit percentage.

A SP = ₹798.20 and profit =49.9%.
B SP = ₹295.35 and profit = 10.5%.
C SP = ₹598.50 and profit = 19.7%.
D SP = ₹500 and profit = 33.33%.
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