Profit and Loss Practice Test 8

Question : 31 of 40

Marks: +1, -0

The price of an article is raised by 30% and then two successive discounts of 10% each are allowed. Ultimately what is the price of the article?

Solution:

Let price of the article be Rs. 100; then its raised price = Rs. 130
Hence, S.P.

=90/100×90/100×130 = 1053/10

= Rs. 105.3
Since, price of the article increased by (105.3 – 100) = 5.3%

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