Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A dealer marks his goods at 30% above the cost price. If he allows 25% discount on it, then what would be his loss %?

Options:

2.5%

3.5%

4.5%

5.5%

Correct Answer:

2.5%

Explanation:

Let CP = 100

MRP = 100 × 130% = 130

Discount = 130 × 25% = 32.5

S.P. = 130 - 32.5 = 97.5

Loss = 100 - 97.5 = Rs.2.5

Loss percent = \(\frac{2.5}{100}\) × 100 = 2.5 %