A shopkeeper bought a chair marked at Rs. 600 at two successive discounts of 15% and 30% respectively. He spent Rs. 30 on transportation and sold the chair for Rs. 620. His gain/loss percent is?
Answer & explanation
Correct answer: option 2
CP = 600 × \(\frac{85}{100}\) × \(\frac{70}{100}\) = 357
Total CP (+ transportation Exp.)= 357 + 30 = 387
SP = 620
Profit - 620 - 387 = 233
Profit percent = \(\frac{233}{387}\) × 100% = 60.20%