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    Question

    A shopkeeper marks an article 50% above the cost price

    and then gives two successive discounts of 20% and 10%. What is his overall profit or loss percentage?
    A 12% profit Correct Answer Incorrect Answer
    B 8% profit Correct Answer Incorrect Answer
    C 15% loss Correct Answer Incorrect Answer
    D 10% loss Correct Answer Incorrect Answer

    Solution

    Let the cost price be ₹100. Marked price = ₹150. After the first discount of 20%, the price becomes ₹150 × 0.80 = ₹120. After the second discount of 10%, the price becomes ₹120 × 0.90 = ₹108. Profit percentage = ((108 - 100) / 100) × 100 = 8%.

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