Mathematics · Profit and Loss
The marked price of an article is Rs. 1,600. A retailer buys it after getting two successive discounts for Rs. 1,080. If the first discount is 25%, and the retailer sells the article by allowing a single discount on the marked price that is 150% of the second discount, what is the approximate percentage of profit?
- 130%
- 226%✓
- 324%
- 422%
Correct answer
26%
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