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      Question

      An article is marked 25% above its cost price and sold

      after successive discounts of 10% and 20% on the marked price. If the cost price is Rs. 800, what is the net loss percentage?
      A 10% Correct Answer Incorrect Answer
      B 20% Correct Answer Incorrect Answer
      C 15% Correct Answer Incorrect Answer
      D 30% Correct Answer Incorrect Answer

      Solution

      CP = 800 Marked Price = 800 x 125/100 = 1000 After 10% discount: = 1000 x 90/100 = 900 After 20% discount: = 900 x 80/100 = 720 Loss = 800 - 720 = 80 Loss % = (80/800) x 100 = 10%

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