Electrical Engineering (EE) Exam  >  Electrical Engineering (EE) Questions  >  The marked price of an article is 20% higher ... Start Learning for Free
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%
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The marked price of an article is 20% higher than the cost price. A di...
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
View all questions of this test
Most Upvoted Answer
The marked price of an article is 20% higher than the cost price. A di...
Understanding the Cost Price and Marked Price
Let's denote the Cost Price (CP) of the article as 100 units (for simplicity).
- The Marked Price (MP) is 20% higher than the CP:
- MP = CP + 20% of CP = 100 + 20 = 120 units.
Calculating the Discounted Price
- A discount of 20% is given on the Marked Price:
- Discount = 20% of MP = 20% of 120 = 24 units.
- Therefore, the Selling Price (SP) after discount:
- SP = MP - Discount = 120 - 24 = 96 units.
Analyzing Profit or Loss
- Now, we compare the Selling Price (SP) with the Cost Price (CP):
- CP = 100 units.
- SP = 96 units.
Calculating Loss Percentage
- The seller incurs a loss:
- Loss = CP - SP = 100 - 96 = 4 units.
- To find the loss percentage:
- Loss Percentage = (Loss / CP) * 100 = (4 / 100) * 100 = 4%.
Conclusion
In this transaction, the seller bears a loss of 4%. Therefore, the correct answer is option 'B' - losses 4%.
Explore Courses for Electrical Engineering (EE) exam

Top Courses for Electrical Engineering (EE)

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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer?
Question Description
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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer? for Electrical Engineering (EE) 2025 is part of Electrical Engineering (EE) preparation. The Question and answers have been prepared according to the Electrical Engineering (EE) exam syllabus. Information about 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Electrical Engineering (EE) 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer?.
Solutions for 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Electrical Engineering (EE). Download more important topics, notes, lectures and mock test series for Electrical Engineering (EE) Exam by signing up for free.
Here you can find the meaning of 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer?, a detailed solution for 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice 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 profitb)losses 4%c)gain 4%d)losses 1%Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Electrical Engineering (EE) tests.
Explore Courses for Electrical Engineering (EE) exam

Top Courses for Electrical Engineering (EE)

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev