The list price of a motorcycle is 20% more than its cost price. It is sold at a discount of 30%. Find the dealer's loss percentage.

14% 12% 10% 16%

16%

Let the cost price = 100 Markup = 20% then the marked price of the article = 120 discount % = 30% Then the selling price = 70% of the marked price SP = 70% of 120 = 84 Then the loss% = ( 100 - 84) × \(\frac{100}{100}\) = 16%