The marked price of an article is Rs. 600. After allowing a discount of 25% on the marked price, there was a loss of Rs. 30. What is the percentage loss?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 6.25%
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Concept |
Understanding |
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SP = MP - Discount CP = SP + Loss And Loss percentage = (CP – SP)/CP × 100 |
Marked price = Rs. 600 Discount = 25% Loss = Rs. 30 SP = 600 × 0.75 = 600 × 3/4 = Rs. 450 CP = 450 + 30 = Rs. 480 Loss percentage = (480 - 450)/480 × 100 = 3000/480 = 6.25% |