Question

Amir bought the article at a discount of 20% on the Marked price and then He sold the article with a 10% loss on the cost price.What would have been the percentage loss had he bought it at the marked price?

1. 36%
2. 40%
3. 28%
4. 46%
5. None of the above.

Answer 1

Correct Answer - Option 3 : 28%

Calculation:

Let the CP to Amir = 100

Due to a loss of 10% in CP, the SP will be = 90

According to the question:

Amir bought the article at 20% discount on Marked Price. Therefore, the equation is

⇒ 80/100 of Marked Price = 100

⇒ Marked Price = 125

Now, loss in value if the item was bought at MP = MP – SP

⇒ 125 – 90

⇒ 35

∴ Loss% = 35/125 × 100

⇒ 28%

The percentage loss is 28%.