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1. The marked price is 20% higher then cost price. A discount of 20% is given on the marked price. By this type of sale, there is = ?

A. 4% loss

B. 2% loss

C. No loss no gain

D. 4% gain

Solution:

Let the cost price = 100 units
Marked price = 120 units
Selling price = 120 ×

\frac{80}{100}

= 96 units
There will be loss

\begin{aligned} Loss % = \frac{100 - 96}{100} \times 100 \\ = 4 % \end{aligned}

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