Q. A shopkeeper marks an article 50% above its cost price and offers two successive discounts of 20% and 10%. His profit percentage is:
β
Correct Answer: (A)
8% profit
Explanation: Let CP = 100. MP = 150. SP = 150 × 80/100 × 90/100 = 108. Profit = 8%.
Explanation by: Krishna Sharma
Let CP = 100. MP = 150. SP = 150 × 80/100 × 90/100 = 108. Profit = 8%.