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Question

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 ?

Solution
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Let the cost price be Rs. 100
Then, market price is Rs. 140
Now, the first discount is of 28.57%Rs140=Rs. 40
Hence, its selling price =14040= Rs. 100
Now since Rana is selling at cost price, any further discount will be equal to loss percentage.
The next discount of12.5% will be the loss percentage to Rana.

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