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Multiple Choice Questions
1. A merchant marks an article 20% above cost price. He then sells it at a discount of 20%. The sale given him.
(A): No loss or gain
(B): 4% loss
(C): 2% gain
(D): 4% gain
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By: anil on 05 May 2019 02.28 am
Let cost price = Rs. 100 => Marked price = $$100+(frac{20}{100} imes100)$$ = $$100+20=Rs.$$ $$120$$ Discount % = 20% => Selling price = $$120-(frac{20}{100} imes120)$$ = $$120-24=Rs.$$ $$96$$ $$ herefore$$
Loss %
= $$frac{(100-96)}{100} imes100=4\%$$ => Ans - (B)
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