Question

the marked price of an article is20% more than the cost price and discount of20% given on the marked price in this transaction there is?

Answer 1

Let the cost price = x

Marked price is 20% more than CP

Marked price = x + 20/100 × x = x + 0.2x = 1.2x

Discount = 20% on Marked price.

Discount = 1.2x × 20/100 = 0.24x

Selling price = MP - discount = 1.2x - 0.24x = 0.96x

Loss = CP - SP = x - 0.96x = 0.04x

Loss % =( 0.04x / x ) × 100 = 4%

Answer 2

Answer:

4% loss

Hope it helps