2 Views

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

Option 1: No loss no gain

Option 2: 4% loss

Option 3: 2% gain

Option 4: 4% gain


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: 4% loss


Solution : Given:
A merchant marks an article 20% above the cost price. He then sells it at a discount of 20%.
Let the cost price be 100 units.
Now marked price = 120 units
So, Selling price = $\frac{120}{100}×80=96$
Loss = 100 – 96 = 4
Loss percentage = $\frac{4}{100}×100=4$%
So, the loss percentage is 4%.
Hence, the correct answer is 4% loss.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books