A person makes an article 36% above the cost price and offers 30% discount on the marked price. What is the loss or gain percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Loss 4.8%
Let the CP = 100x
MP = 100x × 136% = 136x.
Discount offered = 136x × 30/100 = 40.8x
SP = 136x - 40.8 = 95.2x
Loss % = (100x - 95.2x)/100 × 100 = 4.8%