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Profit, Loss & Discount · Question 65 of 72

Question 65

MediumOriginal question

A trader marks his goods 50% above cost price and then allows successive discounts of 10% and 20%. What is his profit percentage?

Options for question 65

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Take CP = ₹100, so MP = ₹150.

  2. After 10% off: ₹135. After 20% off: ₹108.

  3. Profit = ₹8 on ₹100, that is 8%.

Worth noting

50%−10%−20%=20%50\% - 10\% - 20\% = 20\% is the trap. Each discount is taken on a price, and the second is on the reduced price.

Concept
Markup followed by successive discounts
Typical time
60 s
Your time
—
The rule this testsSuccessive discounts
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