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 \[\frac{0.16x}{x}\times 100=16%\]You need to login to perform this action.
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