Sujata marks an article 36% above the cost price and allows a 40% discount on the marked price. The loss percentage is?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 18.4.
Let the CP be 100.
So, the marked price = 100 + (36/100) × 100
= 136
SP = 40% discount on 136
= 136 - (40/100) × 136
= 136 - (54.4)
SP = 81.6
Loss = CP - SP
= 100 - 81.6
= 18.4