Multiple choice

The marked price of a radio is 20% more than its cost price. If a discount of 20% is given on the marked price, find the gain/loss percent ?

  1. gain 4%

  2. loss 6%

  3. loss 4%

  4. gain 6%

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

If cost price = 100, marked price = 120 (20% more). After 20% discount, selling price = 120 × 0.8 = 96. Loss = 100 - 96 = 4 on CP of 100, which is 4% loss. Option C correctly states this result.

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