The ratio between the marked price and the cost price of an article is 5: 3. If the selling price of the article is ₹28,88 and the shopkeeper gave two successive discounts of 16% and 20%, then how much is the profit or loss (in ₹)?
Let the common ratio be x. Hence, the marked and cost price of the article are 5x and 3x respectively. Final discount percentage after two successive discounts of A% and B% = (16+20 -(16 × 20) /100) % = 32.8% According to the question, 5x × (1-0.328) = 2688 5x = 4000 x = 800 3x = 2400 Hence, profit made = 2888-2400 = Rs. 488 The profit is Rs. 488
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