Question : A dealer marks his goods at 44% above the cost price. Then he allows 50% discount on it. What would be his loss percentage?
Option 1: 25%
Option 2: 28%
Option 3: 26%
Option 4: 32%
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Correct Answer: 28%
Solution : Let the cost price be 100. Marked price above 44% = 144 Discount = 50% Selling price = $\frac{\text{Discount}}{100}\times$ Marked price = $\frac{50}{100}\times144$ = 72 Loss = cost price – selling price = 100 – 72 = 28 Loss percent = $\frac{\text{Loss}}{\text{Cost price}}\times100$% = $\frac{28}{100}\times100$% = 28% Hence, the correct answer is 28%.
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