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The marked price is 20% higher than cost price. A discount of 20% is given on the marked price. By this type of sale, there is
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- 4% loss
- 2% loss
- no loss no gain
- 4% gain
Correct Option: A
Let Cost price = ₹ 100
Marked price = ₹ 120
| Selling price = | = ₹ 96 | |
| 100 |
∴ Loss = 4 and loss percent = 4%
2nd method to solve this question.
Here, r = 20%, r1 = 20%
| Loss % = | − r1 | |
| 100 |
| Loss % = | − 20 | |
| 100 |
| Loss % = | − 20 | |
| 100 |
Loss % = –4% (–ve sign shows loss)
Required Loss % = 4% loss
