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7.Profit and Loss
hard
A shopkeeper marks his goods $20 \%$ above $CP$ but allows $30 \%$ discount for cash. His net loss is in $\%$?
A
$8$
B
$20$
C
$10$
D
$16$
Solution
Let $C P=R s .100, M P=R s .120$
The $SP$ after discount $=120 \times \frac{70}{100}=84$ $Rs$. $\quad[30 \%$ discount $]$
So $\operatorname{loss}=16 \%[ CP – SP ]$
Standard 13
Quantitative Aptitude