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 $= 1.5 C$
According to question Sale Price $= 1.5 C \times \frac{88}{100} \times \frac{86.5}{100} =$ $1.1418 C$

So Profit percent = $14.18$ %

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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.

Let the Cost price of price of article be CThen the marked price =1.5CAccording to question Sale Price =1.5C×88100×86.5100= 1.1418CSo Profit percent =14.18%

Let the Cost price of price of article be $C$
Then the marked price $= 1.5 C$
According to question Sale Price $= 1.5 C \times \frac{88}{100} \times \frac{86.5}{100} =$ $1.1418 C$

So Profit percent = $14.18$ %