A merchant marks an article 20% above cost pr | vedclass

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Question

(B) Let the cost price $(C.P)$ be $Rs.\, 100$.The marked price $(M.P)$ is $20\%$ above the cost price,so $M.P = 100 + 20\% 	ext{ of } 100 = Rs.\, 120

Vedclass · Accepted Answer

$4\%\, 	ext{loss}$

Vedclass · Answer

(B) Let the cost price $(C.P)$ be $Rs.\, 100$.The marked price $(M.P)$ is $20\%$ above the cost price,so $M.P = 100 + 20\% 	ext{ of } 100 = Rs.\, 120$.The merchant offers a discount of $20\%$ on the marked price.Selling price $(S.P) = M.P - (20\% 	ext{ of } M.P) = 120 - (0.20 	imes 120) = 120 - 24 = Rs.\, 96$.Since $S.P Loss $= C.P - S.P = 100 - 96 = Rs.\, 4$.Loss percentage $= (	ext{Loss} / C.P) 	imes 100 = (4 / 100) 	imes 100 = 4\%$.Therefore,the merchant incurs a $4\%\, 	ext{loss}$.

$A$ merchant marks an article $20\%$ above cost price. He then sells it at a discount of $20\%$. The sale gives him

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