11 Views

Question : A shopkeeper marks his goods at 80% more than their cost price and allows a discount of 48% on the marked price. His loss percentage is:

Option 1: $2\frac{1}{5}\%$

Option 2: $7\frac{3}{5}\%$

Option 3: $6\frac{2}{5}\%$

Option 4: $3\frac{1}{5}\%$


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: $6\frac{2}{5}\%$


Solution : Let the cost price of goods be Rs.100.
Marked price of goods = 100 + $\frac{80}{100} \times 100$ = Rs. 180
Discount = 48%
Selling price of goods = 180 – $\frac{48}{100} \times 180$ = Rs. 93.6
∴ Loss % = $\frac{(100 - 93.6)}{100} \times 100$ = 6.4% = 6$\frac{2}{5}$%
Hence, the correct answer is $6\frac{2}{5}\%$.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

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
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