What is the profit percent or loss percent incurred in the transaction?
Statement I: 5% discount is given on the marked price.
Statement II: Cost price is 10% more than the marked price.
Statement III: Selling price of the article is Rs. 22,800
From (I) & (III) MP = 22,800×100/95 = Rs. 24,000 ………...(i) From (II), CP = 24,000 × 110/100 = Rs. 26,400 …………(ii) From (i) and (ii), ∴ Loss % = (26400-22800)/26400× 100 = 13.6% approx.
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