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Q38

0. A person marks his goods 40% above the cost price and allows 40% discount on the marked price. His loss/gain percent is

  • Option : D
  • Explanation : Let the cost price be Rs 100/-.
    Then, marked price is Rs 140/-.
    Selling price = 40% discount on MRP
                                = 140 -140 x 40⁄100
                                =140-56
                         SP = Rs. 84/-
                since    SP < CP
    ∴ There is a loss.
    Loss percentage = CP - SP⁄CP x 100
                                          = 100 - 84⁄100 x100
                                          = 16% Loss
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