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The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%?

Correct answer: A. 37.5%

  • A. 37.5%
  • B. 48%
  • C. 50.5%
  • D. 52%

Explanation

Let the marked price be Rs. 100, so the cost price is Rs. 64. After a 12% discount, selling price = Rs. 100 x 0.88 = Rs. 88, and gain percent = (Rs. 88 - Rs. 64)/Rs. 64 x 100 = 37.5%. The likely mistake is 48%, obtained by treating the discount as a direct addition to the cost-price percentage.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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