Profit and Loss Practice Test 3

Question : 26 of 40

Marks: +1, -0

The cost price of an article is 64% of the list price. Calculate the gain per cent after allowing adiscount of 12%.

Solution:

Let list price be Rs. 100; then cost price will be Rs. 64 and S.P. = Rs. 88
Gain%

={88 -64}/64×100 = 75/2 = 37.5%

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