Exams › SSC CGL (Prelims) › General

A retailer sells an item for ₹Z with a loss of 12%. He then marks it at 0.9Z and gives a 10% discount. What is the overall loss percentage?

1. 19.6%
2. 28.7%
3. 21.2%
4. 26.4%

Correct answer: 28.7%

Solution

If the item is sold for ₹Z at a 12% loss, then ₹Z = 88% of CP, so CP = Z/0.88. The new selling price is 10% off 0.9Z, i.e. 0.81Z. Comparing 0.81Z with CP gives the overall loss percentage as 28.7% approximately.

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