A dealer marks his goods at 30% above the cost price, then allows a 40% discount on it. What would be his loss percent?
Answer & explanation
Correct answer: option 3
Let C.P. = Rs. 100
MRP = 100 × 130% = 130
Discount = 130 × 40% = Rs. 52
S.P. = 130 - 52 = 78
Loss = 100 - 78 = 22
Loss percent = \(\frac{22}{100}\) × 100% = 22%