Rakesh bought a cycle for Rs 800 and marked it up by 50 and gave a discount of 10 A customer came in...........

Quant (SSC) Profit and loss

Rakesh bought a cycle for Rs. 800. and marked it up by 50% and gave a discount of 10%. A customer came in to buy the cycle and bargained with Rakesh for an additional discount of 20% on the already discounted price. What is the profit earned by Rakesh?

180

156

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Explanation:

The marked up price becomes 150% of 800 = 1200
After the first discount the price becomes= 90% of 1200 = 1080
After the second discount the price becomes = 80% of 1080 = 864
So the profit earned is 864 – 800 = Rs. 64