The marked price of an article is ₹480. A person buys it at two successive discounts of 15% and 10%. He sells it at a profit of 25%. What is his profit (in ₹)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 91.80.
The cost price of the article = 480 × 85/100 × 90/100 = 367.2
After 25% profit, the selling price of the article = 367.2 × 125/100 = 459
Profit = 459 - 367.2 = 91.80