1.

A man buys an article for Rs. 80 and marks it at Rs. 120. He then allows a discount of 40%. What is the loss or gain per cent 1). 12 % gain2). 12 % loss3). 10 % gain4). 10 % loss

Answer»

10 % LOSS

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

$\therefore$ S.P. = 60% of Rs.120 $=\FRAC{60}{100}\times Rs.120=Rs.72$

$\therefore$ Loss = Rs.80 - Rs.72 = Rs.8 Loss % 

$\frac{8}{80}\times 100=10 %$



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