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    A sold an article with 10 percent loss on the cost price. He bought the article at a discount of 20 percent on the labeled price. What would have been the percentage loss had he bought it at the labeled price ?

  • 34%
  • 18%
  • Data provided are not adequate to answer the question
  • 28%
  • 16%
  • Explanation:

    Let the marked price be INR 100/-

    ∴ C.P. = 80/100 × 100

             = INR 80/-

    S.P. = 80/100 × 90

           = INR 72/-

    If he bought at marked price i.e. INR 100/-

    ∴ Loss = 100-72 = INR 28/-

    ∴ Loss Percentage = 28/100 × 100

                                = 28%

     

     


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