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SSC Sample Paper SSC CGL - Sample Paper-12

  • question_answer
    A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash. His net loss is

    A) 8%                   

    B) 10%

    C) 16%                 

    D) 20%

    Correct Answer: C

    Solution :

    Let the cost price Rs. x Mark Price \[=\left( 1+\frac{2}{100} \right)x=1.2x\] Cash price \[=\left( 1-\frac{30}{100} \right)1.2x\]             \[=0.7\times 1.2x=0.84x\] Net Loss \[=x-0.84x=0.16x\] \[\therefore \] net loss \[\frac{0.16x}{x}\times 100=16%\]  


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