Q160
ArithmeticPercentage, Profit & Loss
A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash. His net loss is
- a.8%
- b.10%
- c.16%
- d.20%
Answer: (C) 16%
On a cost of 100 the marked price is 120, and a 30% discount brings it to 84. The loss is 16 on 100, i.e. 16%. 10% wrongly subtracts the percentages directly.