A shopkeeper marks his goods at 80% more than their cost price and allows at discount of 48% on the marked price. His loss percentage is :
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 6%.
Given that
Marked price = 80% more than cost price
Let the cost price be 100 units
Marked price = 180 units
Discount on marked price = 48%
After discount, The selling price = 180 × (100 - 48)/100 = 93.6
loss percentage = [(C.P. - S.P.)/C.P.] × 10
loss percentage = [(100 - 93.6)/100] × 100 = 6%