Question
An article is marked 60% above its cost price. It is
sold after successive discounts of 20% and 25% on the marked price. What is the net result?Solution
Let CP = 100 Marked Price = 160 After 20% discount: SP = 160 x 80/100 = 128 After 25% discount: SP = 128 x 75/100 = 96 Loss = 100 - 96 = 4 Loss % = 4%
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