A trader marks his product 15% above cost price and offers a discount of 20 %. Find Loss percentage incurred.
a)8% b) 10% c) 5% d)7% e) 15%
a)8% b) 10% c) 5% d)7% e) 15%
Let the cost price = 100.sukhman wrote:A trader marks his product 15% above cost price and offers a discount of 20 %. Find Loss percentage incurred.
a)8% b) 10% c) 5% d)7% e) 15%
Marked price = 100 + (15% of 100) = 100+15 = 115.
Price with a discount of 20% = 115 - (20% of 115) = 115 - 23 = 92.
Loss = (cost price) - (discounted price) = 100-92 = 8.
Loss percentage = loss/cost = 8/100 = 8%.
The correct answer is A.
