The price of an article is raised by 30 and then two successive discounts of 10 each are allow...........

Quantitative Aptitude ( CCS) Profit and loss

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

Increased by 10%

Increased by 5.3%

Decreased by 3%

Decreased by 5.3%

Let the CP of the Article is 100.

So MRP = 130

Now give 2 successive discounts:-

130 × 90/100 × 90/100 = 105.3 is the Final selling price.

Hence the price is increased by 5.3%.

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