Question

The marked price of an article is 20% more than its cost price. A discount of 20% is given on the marked price. In this kind of sale, the seller bears

• A. no gain, no loss
• B. 4% loss
• C. 4% gain
• D. 8% gain

Answer 1

Answer:

B. 4% loss

Read Explanation:

20x20/100 =4% loss

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