Question

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?

• A. Gain 7%
• B. Gain 11%
• C. Loss 7%
• D. Loss 11%

Answer 1

Answer:

C. Loss 7%

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