Multiple choice

The list price of a bike is 15% more than its cost price. It is sold at a discount of 20%. Find the dealer's loss or profit percentage.

  1. Profit 8%

  2. Profit 9%

  3. Loss 8%

  4. Loss 9%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP = 100. List price = 100 + 15% = 115. Selling at 20% discount: SP = 115 - (20% of 115) = 115 - 23 = 92. This is a loss of 8% (from 100 to 92). Options A and B (profit 8%, 9%) and D (loss 9%) are incorrect.

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