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%Join The Discussion
Comments ( 2 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
how do we know what to assume as 100 (whether we should assume MP as 100 or CP as 100)
CP : MP = 4 : 5 or 20 : 25
MP : SP = 25 : 22
So profit% = (2*100)/20 = 10%