A ceramic bowl with a cost price of Rs. 200 is marked 40% above its cost price and sold after two successive discounts of Rs. 40 and 5%, respectively. Find the profit earned on selling the ceramic bowl.
Marked price of the article = 200 × 140/100 = Rs. 280 The selling price of article = (280 – 40) × 0.95 = Rs.228 So, profit earned on selling the article = 228-200=28
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