A shop buys a backpack for 500, marks it up by 20% and then sells it at a 10% discount on the marked price. What is the profit (negative if a loss)?
Answer and explanation
Correct answer: D.
- Step 1: Marked price: . Step 2. Selling price: . Profit: . **Answer: . Why not the others:** adds and subtracts the percentages; ignores the discount; gives the selling price.
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