Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A dealer marks his goods at 30% above the cost price, then allows a 40% discount on it. What would be his loss percent?

Options:

15%

20%

22%

25%

Correct Answer:

22%

Explanation:

 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%