A dealer marks his goods at 30% above the cost price. Then he allows 35% discount on it. What would be his loss percentage?
Let the Cost Price = C.P
Given, dealer marked his goods at 30% above cost price
$$=$$>Â Marked Price (M.P) =Â $$\frac{130}{100}$$C.P =Â $$\frac{13}{10}$$C.P
Discount = 35%
$$=$$>Â Selling Price (S.P) =Â $$\frac{65}{100}$$M.P =Â $$\frac{65}{100}\times\frac{13}{10}$$C.P =Â $$\frac{845}{1000}$$C.P
$$\therefore\ $$Loss % = $$\frac{\text{C.P}-\text{S.P}}{\text{C.P}}\times100\ $$
$$=\frac{ \text{C.P}-\frac{845}{1000}\ \text{C.P}}{\text{C.P}}\times100\ $$
$$=\frac{155}{1000}\times100\ $$
$$=15.5$$%
Hence, the correct answer is Option A
Create a FREE account and get: