Question

A merchant purchased a chair at marked price of rupe 800, at
two successive discounts of 20% and 10% respectively
He spent rupee 40 on transportation and sold the chair for rupee 500.
His loss percent is (approximately)​

Answer 1

Answer:

The net purchase price of chair is 560 + 40= 600

After cutting discount after he sold the chair for rupees 500 the loss is 100 rupees or 16.667