CUET Preparation Today
A tradesman marks his goods 20% above his cost price. If he allows his customer 20% discount on the marked price, how much profit or loss does he make, if any: |
2% loss 4% loss 1% profit 3% profit |
4% loss |
Let CP = 100 then MP = 120% of CP = 120 ATQ, \ SP after giving a discount of 20% = SP = 120 × \(\frac{80}{100}\) = 96 Loss = 100 - 96 = 4% |
