Profit and Loss Practice Test 6

Question : 21 of 40

Marks: +1, -0

A trader marked his product 20% higher than its cost price and then gives 20% discount on the marked price. The profit or loss for selling the product is:

4% loss
10% profit
4% profit
0% profit

Validate

Solution:

\table \CP ,\MP ,\SP;x,x+20/100x=6/5x,6/5x-6/5x×20/100=24/25x

Gain/loss per cent

={24/25x-x}/x×100

=-x/25×100/x=-4%

Loss = 4%

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