A shopkeeper marks his goods 20% above the cost price. He sells one-fourth of the goods at the marked price and the remaining at 30% discount on the marked price. What is his gain/loss percentage?

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A shopkeeper marks his goods 20% above the cost price. He sells one-fourth of the goods at the marked price and the remaining at 30% discount on the marked price. What is his gain/loss percentage?

AGain 7%

BGain 11%

CLoss 7%

DLoss 11%

Answer:

C. Loss 7%

Read Explanation:

CP of the goods be Rs. 100 MP = 120 Now, let 'x' goods be sold Then, total CP = 100x SP = (x/4) × 120 + 3/4 of 70% of 120 30x + 63x = 93x SP = 93x Loss = 100x - 93x = 7x Loss% = (7x/100x) × 100 = 7

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