Question
A school bag is sold for Rs.360 after giving two
successive discounts of 10% and 20%. If school bag is marked up by Rs.280 above its cost price, then find the profit/loss on the school bag.Solution
Marked price = 360/(0.80 x 0.90) = Rs.500 Cost price of the article = 500 – 280 = Rs.220 Required profit = 360 – 220 = Rs.140
The Income calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses is known as:
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