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List the price of a bike is 15% more than it's cost price. It is sold at a discount of 20%. Find the dealer's loss or profit percetnage.1. Profit8%2. Profit 9%3. Loss 9%4. Loss 8% |
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Answer» Correct Answer - Option 4 : Loss 8% Given: List price of the a bike is more than it's cost price = 15% Discount % = 20% Formula: If a number is increase by x%, then Increased number = Actual number × (100 + x)/100 SP = MP × (100 - Discount%)/100 Loss = CP – SP Loss % = (Loss/CP) × 100 Calculation: Let cost price of bike be Rs. 100, then List price of the bike = 100 × (115/100) = Rs. 115 SP of the bike = 115 × (80/100) = Rs. 92 Loss = Rs. 100 - Rs. 92 = Rs. 8 ∴ Loss% = (8/100) × 100 = 8% |
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