Profit and Loss Practice Test 9

Question : 18 of 40

Marks: +1, -0

The marked price is 20% higher than the costprice. A discount of 20% is given on the marked price. By this type of sale, there is:

Solution:

CP	Marked price	SP after discount
Let 100	$100+20/100×100=120$	$120-20/100×100=96$

Gain/loss per cent

={96-100}/100×100=-4%

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