Question 61

If a shopkeeper marks the price of goods 40% more than their cost price and allows a discount of 40%, then what is his gain or loss percent?

Solution

Let cost price of the article = Rs. $$100$$

=> Marked price = $$100+(\frac{40}{100}\times100)$$

= $$100+40=Rs.$$ $$140$$

Discount % = 40%

=> Selling price = $$140-(\frac{40}{100}\times140)$$

= $$140-56=Rs.$$ $$84$$

$$\therefore$$ Loss % = $$\frac{(100-84)}{100}\times100=16\%$$

=> Ans - (A)

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