Multiple choice

DIRECTION for the question: Solve the following question and mark the best possible option. The cost of an article is 64% of marked price. Calculate the percent gain after allowing a discount of 12%?

  1. 37.5%

  2. 48%

  3. 5%

  4. 52%

  5. 64%
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A Correct answer
Explanation

Let Marked Price (MP) = 100. Cost Price (CP) = 64. Selling Price (SP) after 12% discount = 88. Profit = 88 - 64 = 24. Profit % = (24/64) * 100 = 37.5%.

AI explanation

Let the marked price be 100, making the cost price 64. After allowing a 12 percent discount on the marked price, the selling price becomes 88. Using the profit percentage formula: Profit % = [(Selling Price - Cost Price) / Cost Price] * 100, we get [(88 - 64) / 64] * 100. This simplifies to (24 / 64) * 100, resulting in a gain of 37.5 percent.

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