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

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Question

(A) Let the marked price of the article be $₹100$.Given that the cost price $(C.P.)$ is $64 \%$ of the marked price:$C.P. = 0.64 	imes 100 = ₹64$.$A$

Vedclass · Accepted Answer

$37.5$

Vedclass · Answer

(A) Let the marked price of the article be $₹100$.Given that the cost price $(C.P.)$ is $64 \%$ of the marked price:$C.P. = 0.64 	imes 100 = ₹64$.$A$ discount of $12 \%$ is allowed on the marked price:Discount $= 12 \% 	ext{ of } ₹100 = ₹12$.Therefore,the selling price $(S.P.)$ is:$S.P. = 	ext{Marked Price} - 	ext{Discount} = 100 - 12 = ₹88$.The profit is calculated as:$	ext{Profit} = S.P. - C.P. = 88 - 64 = ₹24$.The gain percentage is calculated as:$	ext{Gain } \% = \left( \frac{	ext{Profit}}{C.P.} ight) 	imes 100 = \left( \frac{24}{64} ight) 	imes 100 = \frac{3}{8} 	imes 100 = 37.5 \%$.

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........$\%$

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