Question

1. The market price is 10% more than the cost price and in addition, a cash discount of 20% is given at the time
selling what is the percentage prent or loss in the transaction?
(a) 12% Gain
(5) 12% loss
(2) 10% Gain
(d) 10% Loss​

Answer 1

Answer:

loss 12% on selling...

Answer 2

Option 'b' is correct.

Step-by-step explanation:

Since we have given that

Marked price is 10% more than the cost price.

Let CP be 100

So, Marked price be 110.

Discount = 20%

We need to find the percentage of profit or loss:

$110=100\times \dfrac{100+x}{100-20}\\\\110=100\times \dfrac{100+x}{80}\\\\88=100+x\\\\x=-100+88\\\\x=-12$

Hence, there is loss of 12%.

Therefore, Option 'b' is correct.

# learn more:

If the cost price of 15 articles is the same as the selling price of 12 articles . find the gain or loss percent in the transaction

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