Question
An article with cost price of Rs. 300 is marked (50/3)%
above its cost price and sold after a discount of 20%. Find the overall profit/loss in the transaction.Solution
Marked price of the article = 300 + 300 X (50/300) = Rs. 350So, selling price of article = 350 X 0.8 = Rs. 280So, overall loss = 280 - 300 = Rs. 20
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