Question : A tradesman marks his goods 20% above his cost price. If he allows his customer a 20% discount on the marked price, how much profit or loss does he make, if any:
Option 1: 2% loss
Option 2: 4% loss
Option 3: 1% profit
Option 4: 3% profit
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 4% loss
Solution : Given, a tradesman marks his goods 20% above his cost price. Also, Discount given = 20% Let Cost Price, CP = Rs. 100 Marked Price, MP = Rs. 120 Now, Discount = 20% of MP = $\frac{20}{100}×120$ = Rs. 24 Selling Price, SP = MP – Discount = Rs. (120 − 24) = Rs. 96 Loss percentage = $\frac{\text{CP – SP}}{\text{CP}}\times100$ = $\frac{100-96}{100}×100$ = 4% Hence, the correct answer is a 4% loss.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price by giving a 10% discount and the rest by giving a 50% discount on the marked price. What is his overall profit or loss percentage?
Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. What is his gain or loss percentage?
Question : A dealer marks his goods 20% above their cost prices. Then he allows such a discount on the marked price that he makes a profit of 8%. The rate of discount is:
Question : A person marks his goods $x$% above the cost price and allows a discount of 12% on the marked price. If his profit is 10%, the difference between $x$% and the profit percentage is:
Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15%. What is his gain percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile