A shopkeeper marks his goods 25% above the cost price. Then, he allows a 40% discount on it. What is the percentage loss?

25%

Let the cost price of the goods = 100

Markup = 25%

Then the selling price of the goods = 125% of 100 = 125

Discount = 40%

Now the SP of the goods = 125 × \(\frac{60}{100}\) = 75

Loss = 1200 - 75 = 25

Loss% = 25 × \(\frac{100}{100}\) = 25%