A dealer marks his goods at 30% above the cost price. If he allows 25% discount on it, then what would be his loss %?
Answer & explanation
Correct answer: option 1
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 %