The marked price is 20% higher then cost price. A discount of 20% is given on the marked price. By this type of sale, there is = ?
A. 4% loss
B. 2% loss
C. No loss no gain
D. 4% gain
Answer: Option A
Solution (By Examveda Team)
Let the cost price = 100 unitsMarked price = 120 units
Selling price = 120 × $$\frac{{80}}{{100}}$$ = 96 units
There will be loss
$$\eqalign{ & {\text{Loss}}\% = \frac{{100 - 96}}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 4\% \cr} $$
This Question Belongs to Arithmetic Ability >> True Discount
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