Q. A shopkeeper marks an article 50% above its cost price and offers two successive discounts of 20% and 10%. His profit percentage is:

  • (A) 8% profit
  • (B) 8% loss
  • (C) 10% profit
  • (D) No profit, no loss
βœ… 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%.

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