A school bag is sold for Rs.216 after giving two successive discounts of 10% and 20%. If school bag is marked up by Rs.150 above its cost price, then find the profit/loss on the school bag.
Marked price = 216/(0.80 x 0.90) = Rs.300 Cost price of the article = 300 – 150 = Rs.150 Required profit = 216 – 150 = Rs.66
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