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    Question

    A school bag is sold for Rs.360 after giving two

    successive discounts of 10% and 20%. If school bag is marked up by Rs.280 above its cost price, then find the profit/loss on the school bag.
    A Rs.125 Correct Answer Incorrect Answer
    B Rs.140 Correct Answer Incorrect Answer
    C Rs.270 Correct Answer Incorrect Answer
    D Rs.100 Correct Answer Incorrect Answer

    Solution

    Marked price = 360/(0.80 x 0.90) = Rs.500 Cost price of the article = 500 – 280 = Rs.220 Required profit = 360 – 220 = Rs.140

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