SSC Government Jobs Exams Numerical Ability Profit and Loss

The cost price of an article is 64% of the marked price. The gain percentage after allowing a discount of 12% on the marked price is

Read Solution (Total 1)

Suppose the Marked Price (MP) = 100
then Cost Price (CP) = 64 and after allowing 12 percent discount on MP, the Selling Price (SP) = 88
Therefore ,
Gain Percent = (SP-CP)/CP * 100
= (88-64)/64 * 100
= 37.5 %
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