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      Question

      If a shopkeeper hikes the purchasing value of an item by

      46% and gives it a discount of 46% on the face value for selling it, then know the total percentage gain or loss it will have?
      A 21.16% profit Correct Answer Incorrect Answer
      B 20.04% Loss Correct Answer Incorrect Answer
      C 20.04% Profit Correct Answer Incorrect Answer
      D 21.16% Loss Correct Answer Incorrect Answer

      Solution

      Let the cost price of the item be 100x MP of the item = 100x x 156/100 = Rs. 146x SP of the item = 146x x 54/100 = 78.84x ┬а Loss percent = [(100x-78.84x) /100x] ├Ч 100 = 21.16%

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