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      Question

      If a shopkeeper hikes the purchasing value of an item by

      56% and gives it a discount of 56% on the face value for selling it, then know the total percentage gain or loss it will have?
      A 31.36% profit Correct Answer Incorrect Answer
      B 20.04% Loss Correct Answer Incorrect Answer
      C 20.04% Profit Correct Answer Incorrect Answer
      D 31.36% Loss Correct Answer Incorrect Answer

      Solution

      Let the cost price of the item be 100x MP of the item = 100x x 156/100 = Rs. 156x SP of the item = 156x x 44/100 = 68.64x  Loss percent = [(100x-68.64x) /100x] × 100 = 31.36%

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