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The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ?

The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ? Correct Answer Loss of 12.5%

Let the cost price be Rs. 100Then, market price is Rs. 140Now, the first discount is of 28.57% Rs.140 =~ Rs. 40Hence, its selling price = 140 - 40 = Rs. 100Now since Rana is selling at cost price, any further discount will be equal to loss percentage. The next dicount of 12.5% will be the loss percentage to Rana.

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