Question

A shopkeeper buys an article for

Q: Answer-A shopkeeper buys an article for ₹500. He marks it 40% above the cost price and allows two successiv...

ATQ, Cost price CP 500 Marked price MP 500 1.40 700 First discount 10 Price after first discount 700 0.90 630 Second discount 5 Selling price SP 630 0.95 598.50 Profit SP CP 598.50 500 98.50 Profit Profit CP 100 98.50 500 100 19.7 Hence, SP 598.50 and profit 19.7.

₹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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