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The cost price of an article is 80 of its marked...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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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%?

Answer & Solution
Correct Answer: Option C
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%
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2 Comments
Ithi Arun
Ithi Arun 5 years ago
how do we know what to assume as 100 (whether we should assume MP as 100 or CP as 100)
Md Helal
Md Helal 8 years ago
CP : MP = 4 : 5 or 20 : 25
MP : SP = 25 : 22
So profit% = (2*100)/20 = 10%
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