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Choose the correct option.
The cost price of an article ls 80% of its marked price for sale. How much percent does the trades-man gain after allowing a discount of 12%?
A20
B10
C12
D8
Answer: Option (Login/Signup)
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STEP-BY-STEP
Let marked price be 100
So, CP = 80% of 100 = 80
SP = 100 - 12% of 100 = 88
Profit % = (SP-CP)*100/CP = (88-80)*100/80 = 10%
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STEP-BY-STEP
Let marked price be 100
So, CP = 80% of 100 = 80
SP = 100 - 12% of 100 = 88
Profit % = (SP-CP)*100/CP = (88-80)*100/80 = 10%
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STEP-BY-STEP
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 = 8*100/80 = 10%.
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