Multiple Choice Questions on A dealer marks his goods at an advance of 20 above cost price and allows a reduction of 20 on ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A dealer marks his goods at an advance of 20 above cost price and allows a reduction of 20 on ...........

Quantitative Aptitude ( CCS) Profit and loss
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     A dealer marks his goods at an advance of 20% above cost price and allows a reduction of 20% on the marked price. His percentage loss or profit on cash sale is ?

    Nil

    Incorrect Answer

    5% profit

    Incorrect Answer

    4% loss

    Correct Answer

    4% profit

    Incorrect Answer
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    Explanation:

    succesive percentage change formula
    a+b+ab/100
    therefor,20-0-20-400/100=-4%
    loss 4%

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