Q. A man buys an article for Rs. 80 and marks it as Rs. 120. He, then allows a discount of 40%. What is the loss or gain per cent?

  • (A) 12%, gain
  • (B) 12%, loss
  • (C) 10%, gain
  • (D) 10%, loss
βœ… Correct Answer: (D) 10%, loss

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