A shopkeeper sells an article with two consecutive discounts of 10% and 20%, respectively, on a marked price of Rs. 1200. If the cost price of the article is Rs. 1000, calculate the overall profit or loss percentage in the transaction.
Marked price of the article = Rs. 1200 Selling price of the article = 1200 × 0.9 × 0.8 = Rs. 864 Cost price of the article = Rs. 1000 So, loss percentage = [(1000 – 864)/1000] × 100 = 13.6%
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