Multiple choice

A sold an article with 10% loss on the cost price. He bought the article at a discount of 20% on the labelled price. What would have been the percentage loss had he bought it at the labelled price?

  1. 34%

  2. 18%

  3. Data inadequate

  4. 28%

  5. 16%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let the labelled price be 100. The cost price is 80 (20% discount). Selling at 10% loss on cost means selling at 72. If he bought at the labelled price (100), the loss would be 100 - 72 = 28, which is 28% of 100.

AI explanation

Assume the labelled price is 100, making the cost price 80 after the 20% discount. He sells it at a 10% loss on the cost price, so the selling price is 72. If he had bought it at the labelled price of 100 and sold it for 72, the loss would be 28. Therefore, the percentage loss would have been 28%.

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