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A man buys an article for ₹ 80 and marks it at ₹ 120. He then allows a discount of 40%. What is the loss or gain percent ?
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- 12% gain
- 12% loss
- 10% gain
- 10% loss
Correct Option: D
Given that , CP of article = ₹ 80 and marked price = ₹ 120
| Discount = 120 × | = ₹ 48 | |
| 100 |
∴ S.P. = ₹ (120 – 48) = ₹ 72
Loss = 80 – 72 = ₹ 8
| ∴ Loss % = | × 100 = 10% | |
| 80 |
Second method to solve this question :
Here, C.P. = Rs. 80, M.P. = Rs. 120, D = 40%
Using the given formula ,
| = | ||
| C.P. | 100 − D |
| = | ||
| 80 | 100 − 40 |
| = | ||
| 2 | 60 |
90 = 100 + r
r =–10% (–ve sign shows loss)
⇒ Loss = 10%
