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The marked price of an article is 20% higher than the cost price. A discount of 20% is given on the marked price. In this transaction the seller
  • a)
    bears no loss no profit
  • b)
    losses 4%
  • c)
    gain 4%
  • d)
    losses 1%
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The marked price of an article is 20% higher than the cost price. A di...
Answer – b) losses 4% Explanation : let cost price = 100 so, marked price = 120 now discount of 20% is given, so sp = 120*80/100 = 96 so % loss = (4/100)*100 = 4 percent
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Community Answer
The marked price of an article is 20% higher than the cost price. A di...
Let cost of article be 100
marked price 20% higher than c.p
100×120/100=120rs. M.P
discount of 20%on M.P
120×20/100= 24 rs.
120-24= 96rs.
96×100/100= 96

4% LOSS
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