Discussion
Marked price of a TV is 20% more than its cost price. Yet Ajay gives a discount of 30% while selling the TV. How much per cent loss did he incur?
Answer: B
Take the cost price as 100, so the marked price is 120.
\[ \text{SP} = 120 \times (1 - 0.30) = 120 \times 0.70 = 84 \]
\[ \text{loss} = 100 - 84 = 16 \quad\Longrightarrow\quad \text{loss}\% = \frac{16}{100} \times 100 = 16\% \]
Loss percentage is always measured against the cost price, not the marked price. Against the marked price the fall would read \( \tfrac{36}{120} = 30\% \), which is just the discount again.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development