Question 129

A merchant marks an article 20% above cost price. He then sells it at a discount of 20%. The sale given him.

Solution

Let cost price = Rs. 100

=> Marked price = $$100+(\frac{20}{100}\times100)$$

= $$100+20=Rs.$$ $$120$$

Discount % = 20%

=> Selling price = $$120-(\frac{20}{100}\times120)$$

= $$120-24=Rs.$$ $$96$$

$$\therefore$$ Loss % = $$\frac{(100-96)}{100}\times100=4\%$$

=> Ans - (B)

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