A shopkeeper marks his goods at 80% more than their cost price and allows a discount of 48% on the marked price. His loss percentage is:

Question

Question

This question was previously asked in

SSC CHSL Exam 2023 Tier-I Official Paper (Held On: 02 Aug, 2023 Shift 1)

Answer 1

Given:

The marked price = 80% above its cost price.

Discount = 48%

Concept used:

SP = CP + profit

Profit is calculated on the cost price and discount on the market price.

Calculation:

Let the CP is = 100

The market price is = 180

The selling price will be,

⇒ 180 × 52/100 = 93.60

The loss percentage will be,

⇒ 100 - 93.60

⇒ 6\(\frac{2}{5}\) %

∴ The correct option is 3