A dealer marks 20% above the cost price and allows a 20%
A dealer marks 20% above the cost price and allows a 20% discount. What is the profit or loss percent?
एक व्यापारी क्रय मूल्य से 20% अधिक मूल्य अंकित करता है तथा 20% की छूट देता है। लाभ या हानि प्रतिशत ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
Loss of 4% / हानि
Let Cost Price (CP) = 100
Marked Price (MP) = 100 + 20% of 100 = 120
Selling Price (SP) = 120 - 20% of 120 = $ 120 \times 0.8 = 96 $
Loss = CP - SP = 100 - 96 = 4
Loss % = $ \dfrac{4}{100} \times 100 = 4% $
Answer = 4% loss
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