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    Question

    A school bag is sold for Rs.360 after giving two

    successive discounts of 20% and 25%. If school bag is marked up by Rs.300 above its cost price, then find the profit/loss on the school bag.
    A Rs.50 Correct Answer Incorrect Answer
    B Rs.60 Correct Answer Incorrect Answer
    C Rs.70 Correct Answer Incorrect Answer
    D Rs.80 Correct Answer Incorrect Answer

    Solution

    Marked price = 360/(0.80 x 0.75) = Rs.600 Cost price of the article = 600 – 300 = Rs.300 Required profit = 360 – 300 = Rs.60

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