Question

A garment seller marks his garments at 4% above the cost price , and allows a discount of 20%. Find out his gain or loss percent .

Answer 1

Answer:

His loss percent is 16.20%.

Step-by-step explanation:

Let the cost price be ₹100.

Then, marked price = ₹104.

Discount = 20% of ₹104= 20/100×104= ₹104/5= ₹20.80

Selling price = ₹(104-20.80) = ₹83.20

Loss% = (100-83.20)% = 16.20%

Therefore, The garment seller's loss percent is 16.20%.