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      Question

      An article is marked 50% above its cost price and sold

      after successive discounts of 10% and 20% on the marked price. What is the profit percentage?
      A 12% Correct Answer Incorrect Answer
      B 10% Correct Answer Incorrect Answer
      C 8% Correct Answer Incorrect Answer
      D 6% Correct Answer Incorrect Answer

      Solution

      Let CP = 100 Marked Price = 150 After 10% discount = 150 x 90/100 = 135 After 20% discount = 135 x 80/100 = 108 Profit = 108 - 100 = 8 Profit % = 8%

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