Question

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Answer 1

Answer:

C.P. = Rs.80, M.P.= Rs. 120, Discount = 40%

∴ S.P. = 60% of Rs.120=

60/100×120

=72

∴ Loss = Rs.80 - Rs.72 = Rs.8

Loss % =

8/80 ×100=10%

Step-by-step explanation:

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Answer 2

Answer:

Correct Question: A man buys an article for Rs 80 and marks it at Rs 120. He then allows a discount of 40 percent. What is the loss or gain percent ?

Given:

A man bought an article for Rs 80.

He marked article at Rs 120.

Discount percent allowed by him on article is 40%.

To Find:

What is his gain or loss percent ?

Solution: Here we have

C.P = Rs 80

M.P = Rs 120

Since, discount percent is 40%. Therefore,

➟ Selling Price = (100 – 40)% of M.P

➟ 60% of 120

➟ 60/100 × 120

➟ 60 × 12/10

➟ 6 × 12

➟ Rs 72

On comparing S.P & C.P

C.P > S.P {Here is loss}

As we know that

★ Loss = C.P – S.P ★

★ Loss % = Loss/C.P × 100 ★

⟹ Loss = Rs (80 – 72)

⟹ Rs 8

⟹ Loss % = 8/80 × 100

⟹ 800/80

⟹ 10 %

Hence, his loss percent is 10 %.

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