Question

A shopkeeper marks his goods $20\%$ above the cost price but allows a $30\%$ discount for cash. His net loss is :

• A. $8\%$
• B. $10\%$
• C. $20\%$
• D. $16\%$

Answer 1

The correct option is C $20\%$

Assume the cost price $=100$
So the marked price (20% more )$=1.2\times 100=120$
A discount of 30% on the same is $0.30\times 120=36$
Actual SP $=120-36=84$
Loss $=100-84=16=16$%(Since base is 100)