The cost price of an article is 64 % of the m | vedclass

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$(A)$ Let the marked price $(M.P.)$ of the article be $100$.Given that the cost price $(C.P.)$ is $64 \%$ of the marked price, so $C.P. = 64$.$A$ disc

Vedclass · Accepted Answer

$37.5$

Vedclass · Answer

$(A)$ Let the marked price $(M.P.)$ of the article be $100$.Given that the cost price $(C.P.)$ is $64 \%$ of the marked price, so $C.P. = 64$.$A$ discount of $12 \%$ is allowed on the marked price.Therefore, the selling price $(S.P.)$ $= M.P. - (12 \% 	ext{ of } M.P.) = 100 - 12 = 88$.Gain $= S.P. - C.P. = 88 - 64 = 24$.Gain percent $= \left( \frac{	ext{Gain}}{C.P.} ight) 	imes 100 = \left( \frac{24}{64} ight) 	imes 100$.Gain percent $= \frac{3}{8} 	imes 100 = 37.5 \%$.

The cost price of an article is $64 \%$ of the marked price. Calculate the gain percent after allowing a discount of $12 \%$.

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