Question: The cost price of an article is 64% of the marked price. The gain percentage after following a discount of 12% on the marked price is
Options:
A) 37.5%
B) 50.5%
C) 48%
D) 52%
Show Answer
Answer:
Correct Answer: A
Solution:
- Let marked price of article = Rs. 100
Then, 64% of 100 = 64
$ \therefore $ CP of article = Rs. 64
and SP of article = Rs. 64
$ Profit%=\frac{SP-CP}{CP}\times 100% $
$ \therefore $ $ =,\frac{88-64}{64},\times ,100 $ % = 37.5%