The cost price of an article is 64% of the marked price. Calculate the gain percentage after allowing a discount of 12%?
- 42%
- 27.50%
- 37.50%
- None of these
Explanation
Take CP as 64% of MP.
SP after 12% discount = 88% of MP.
Gain = SP – CP = 0.88 – 0.64 = 0.24 → Gain % = (0.24/0.64) × 100 = 37.5%.
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