Examveda
Examveda

The cost price of an article is 80% of its marked price for sale. How much per cent does the tradesman gain after allowing a discount of 12%?

A. 20%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution(By Examveda Team)

Let the marked price = Rs. 100
Then the cost price = 80% of 100 = Rs. 80
After allowing 12% discount on MP,
SP become = Rs. 88.
% profit = $$\frac{{8 \times 100}}{{80}}$$  = 10%

This Question Belongs to Arithmetic Ability >> Profit And Loss

Join The Discussion

Comments ( 2 )

  1. Ithi Arun
    Ithi Arun :
    2 years ago

    how do we know what to assume as 100 (whether we should assume MP as 100 or CP as 100)

  2. Md Helal
    Md Helal :
    5 years ago

    CP : MP = 4 : 5 or 20 : 25
    MP : SP = 25 : 22
    So profit% = (2*100)/20 = 10%

Related Questions on Profit and Loss