Profit and Loss Practice Test 5

Question : 11 of 40

Marks: +1, -0

The marked price of an article is 20% higher than the cost price. A discount of 20% is given on the marked price. By this, the seller

Solution:

\table \CP ,\MP ,\SP;100,100+20/100×100=120,120-20/100×100=96

Gain/loss%

={96-100}/100×100=-4%

Loss = 4%

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