A dealer buys an article marked at Rs.20000 with two successive discounts of 10% and 8%. He spends Rs.1440 on repairs and sells it for 20000, what is his profit loss percent?
a) 12.3% profit
b) 12.35% loss
c) 11.1% profit
d) 11.1% loss
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Answer:
effective discount = x+y -(x+y)/100
= 10+8 -0.8=17.2%of20000= ₹ 16560, this is the cp for dealer
cp+repair= ₹18000
profit will be
sp-cp=₹2000
p%= (2000/18000)*100=100/9=11.11%
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