The marked price of an article is ₹480. A person buys it at two successive discounts of 15% and 10%. He sells it at a profit of 25%, What is his profit (in ₹)?
Answer & explanation
Correct answer: option 3
Marked price = 480
Discounts successive = 15% and 10%
Profit he wants = 25%
Cost price for him = 480 × \(\frac{85}{100}\) × \(\frac{90}{100}\) = 367.2
Now 25% profit = 25% of 367.2 = 91.80