Vikram allows two successive discounts of 20% and 10% on the marked price of a book, which is equal to a single discount of Rs.252. Then how much, profit will Vikram get, on that book, if the cost price is Rs.600 ?
Answer & explanation
Correct answer: option 3
Successive discount = x + y - \(\frac{x × y}{100}\)
Successive discount = 20 + 10 - \(\frac{20 × 10}{100}\) = 28%
28% of the MP = 252
72% of the MP = 648
CP = 600
Profit = 648 - 600 = 48