Question

A blanket is marked 25% above the cost price and a discount of 24% is allowed. How much percent does a shopkeeper loses while selling the blanket?

• A. 7%
• B. 5%
• C. 10%
• D. 3%

Answer 1

The correct option is B 5%

Let the cost price be ₹100

$\therefore \text{marked price}=C.P+25$

$\Rightarrow \text{marked price}=100+\frac{25}{100}\times 100$

$\Rightarrow \text{marked price}=100+25=₹125$

Also, a discount of 24% is allowed
$S.P=M.P-\text{24\% of}M.P$

$\Rightarrow S.P=125-\frac{24}{100}\times 125$

$\Rightarrow S.P=125-30=₹95$

$\therefore \text{Loss}=C.P-S.P$
$\Rightarrow \text{Loss}=₹100-₹95=₹5$

$\therefore \text{Loss percent}=\frac{5}{100}\times 100$
$\Rightarrow \text{Loss percent}=5\text{\%}$