Question
Download Solution PDFA shopkeeper marks his goods at 80% more than their cost price and allows a discount of 48% on the marked price. His loss percentage is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The marked price = 80% above its cost price.
Discount = 48%
Concept used:
SP = CP + profit
Profit is calculated on the cost price and discount on the market price.
Calculation:
Let the CP is = 100
The market price is = 180
The selling price will be,
⇒ 180 × 52/100 = 93.60
The loss percentage will be,
⇒ 100 - 93.60
⇒ 6\(\frac{2}{5}\) %
∴ The correct option is 3
Last updated on May 28, 2025
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