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
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.
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Question : A merchant marks up the price of his goods by 40% more than the cost price. He then sells $\frac{1}{5}$ th of his goods at a discount of 10%, half of the goods at the marked price and the rest of the goods at a discount of 20%. Find his profit percentage.
Question : Raghu sold an article for INR 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?
Question : A dealer allows a 25% discount on the marked price of an article and gains 20%. If the cost price of the article increases by 20%, how much discount percentage should he allow on the marked price to earn the same percentage of profit as before?
Question : The marked price of an article is 50% more than its cost price. If a 20% discount is given, then what will be the profit percentage?
Question : A person sold two cars for INR 60,000 each. On one, he gained 20% while on the other he lost 20%. Find the percentage of his gain or loss.
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