A dealer allowed a discount of 25 on marked price of Rs 20 000 on an article and incurred a loss of ...........

Quantitative Aptitude ( CCS) Profit and loss

A dealer allowed a discount of 25% on marked price of Rs.20,000 on an article and incurred a loss of 20%. What discount should he allow on the marked price so that he gains Rs.450 on the article?

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Explanation:

25% discount==>20,000*75/100=15000
Then loss 20%
means x*80/100=15000=3750*5=18750
He gain 450
means SP=18750+450=19200
Now 20000-19200=800
%ge =800/20000*100=4%