A shopkeeper marks his goods 15% above the cost price, but allows 20% discount for cash. His net loss is = ?
A. 3%
B. 5%
C. 8%
D. 10%
Answer: Option C
Solution(By Examveda Team)
Let the cost price be Rs. 100then the mark up price which is 15% above the cost price,
Mark price = (100 + 15% of 100) = Rs. 115
Shopkeeper gives a discount of 20% on mark up price, then the
Selling Price = (115 - 20% of 115) = Rs. 92
loss = 92 - 100 = Rs. -8
$$\eqalign{ & \% {\text{loss}} = \frac{{ - 8 \times 100}}{{100}} = - 8\% \cr & \therefore {\text{loss}} = 8\% \cr} $$
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
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C. Rs. 2,750
D. Rs. 2,250
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