A merchant marks an article 20% above cost price. Then he sells it at a discount of 20% . The sale gives him ?
A. No loss or gain
B. 4% loss
C. 2% gain
D. 4% gain
Answer: Option B
Solution(By Examveda Team)
Let the cost price = 100 unitNow M.R.P = 120 units
$$\eqalign{ & {\text{Selling price}} \cr & = \frac{{120 \times 80}}{{100}} = 96 \cr & {\text{Loss}} = 100 - 96 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = 4 \cr & {\text{Loss }}\% = \frac{4}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 4\% \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Join The Discussion