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Answer: (C) 6 2/5 %
Explanation
Let the cost price of the goods be CP = 100.
The shopkeeper marks the goods at 80% above the cost price, so the marked price is: MP = 100 × (1 + 80/100) = 180
A discount of 48% is allowed on this marked price, which gives the selling price: SP = 180 × (1 - 48/100) SP = 180 × 52/100 = 93.6
The loss percentage is calculated as: Loss% = (CP - SP)/CP × 100 Loss% = (100 - 93.6)/100 × 100 = 6.4%
Converting the decimal to a mixed fraction: 6.4% = 6 + 4/10% = 6 2/5 %