Q. A trader marks an article 50% above the cost price and allows two successive discounts of 20% and 10%. His profit percentage is:

  • (A) 6%
  • (B) 8%
  • (C) 10%
  • (D) 12%
βœ… Correct Answer: (B) 8%
Explanation: Assume CP = β‚Ή100. MP = β‚Ή150. Selling price = 150 × 0.8 × 0.9 = β‚Ή108. Profit = 8%.
Explanation by: Mr. Dubey
Assume CP = β‚Ή100. MP = β‚Ή150. Selling price = 150 × 0.8 × 0.9 = β‚Ή108. Profit = 8%.

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