A shopkeeper marked up his articles 50% above its cost price and sold it after two successive discounts of 15% and 30%, respectively. Find his profit percentage.
ATQ, Let the cost price of the article be Rs. '100b'. Marked price of the article = 1.50 × 100b = Rs. '150b'. Selling price of the article = 150b × 0.85 × 0.70 = Rs. '89.25b'. Therefore, profit percentage = [(100b - 89.25b) ÷ 100b] × 100 = 10.75%.
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