A dealer marks his goods 15% above the cost price. Then he allows 20% discount on it. What will be his loss percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 8 %
According to the question
Loss % = net effect of 15 % above and 20% discount
= 15 - 20 - (15 × 20/100)
= - 8 %
Hence loss % = 8 %