Question 134
An article is marked 40% above the cost price and a discount of 30% is allowed. What is the gain or loss percentage ?
Solution
Let the cost price be 100.
so marked price will be 140
due to 30% discount, selling price is (1 - 0.3)*140 = 98
Hence, change= 98-100 = -2% = 2% loss
Create a FREE account and get:
- Free SSC Study Material - 18000 Questions
- 230+ SSC previous papers with solutions PDF
- 100+ SSC Online Tests for Free
