Question

The cost price of an article is 76% of its marked price. Find the gain percentage after allowing a discount of 5%.

• A. 27.5%
• B. 25%
• C. 24%
• D. 22.5%

Answer 1

Answer:

B. 25%

Let the Marked Price (MP) = 100

Cost Price

Given CP = 76% of MP
$CP = 76$
Selling Price after 5% discount

$SP = 100 - 5$
Gain

$\text{Gain} = SP - CP = 95 - 76 = 19$
Gain %

$\text{Gain \%} = \frac{19}{76} \times 100 = 25\%$