Practicing Success
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? |
10.53% 60.20% 11.23% 12.46% |
60.20% |
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% |