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Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-22

  • question_answer
    A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash. His net loss is

    A)  8%                  

    B)  10%

    C)  16%                

    D)  20%

    Correct Answer: C

    Solution :

    Let the cost price be Rs. x Mark price\[=\left( 1+\frac{20}{100} \right)x=1.2x\] 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\[=\frac{0.16x}{x}\times 100=16%\]


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