An article is marked 50% over its cost price.Two successive discounts of 12% and 13(1/2)% are allowed on the marked price of the article.Find the profit or loss percent after selling at discount.
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Solution
Let the Cost price of price of article be C
Then the marked price =1.5C
According to question Sale Price =1.5C×88100×86.5100=1.1418C