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    Question

    A school bag is sold for Rs.540 after giving two

    successive discounts of 10% and 20%. If school bag is marked up by Rs.500 above its cost price, then find the profit/loss on the school bag.
    A Rs.300 Correct Answer Incorrect Answer
    B Rs.264 Correct Answer Incorrect Answer
    C Rs.290 Correct Answer Incorrect Answer
    D Rs.225 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price = 540/(0.90 x 0.80) = Rs.750 Cost price of the article = 750 – 500 = Rs.250 Required profit = 540 – 250 = Rs.290

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