Every year before the Diwali festival, the kumaran stores increases the price of the product by 48% and then introduce two successive discount of 12% and 13% respectively. What is percentage loss and percentage gain ?

1 Answer

Answer :

Let CP = 100,

 48 % increase =>SP = 148

12 % discount in SP => ((148 x 12)/100) = 17.76

So 1st SP = (148 – 17.76) = 130.24 

13 % discount in 1st SP ((130.24x13)/100) = 16.93

2nd SP = 130.24-16.93= 113.31

So finally CP = 100, SP = 113.31 => gain = 13.31%

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