Multiple choice

The CP of an article is $64\%$ of the MP. If there is a discount of $12\%$ on the article, what is the profit percent?

  1. $37.5\%$
  2. $48\%$
  3. $50.5\%$
  4. $52\%$
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A Correct answer
Explanation

Let MP = 100. CP = 64. Discount = 12%, so SP = 88. Profit = SP - CP = 88 - 64 = 24. Profit % = (24 / 64) * 100 = (3/8) * 100 = 37.5%.

AI explanation

Let the marked price be 100, so the cost price is 64. After a discount of 12 percent, the selling price becomes 88. Using the profit percentage formula, profit percent equals profit divided by cost price multiplied by 100, which gives 24 divided by 64 multiplied by 100 to equal 37.5 percent. The result is 37.5 percent.

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