Question

Market price of an article is 25% above cost price,
what will be gain % after allowing a discount of
12% to the customer?​

Answer 1

Answer:

10%

Step-by-step explanation:

Let's say CP = 100

Market price of an article is 25% above cost price,

MP = 100 + 25 = 125

discount given = 12%

12% of 125 = 12/100 × 125 = 15

SP = MP - discount = 125 - 15 = 110

gain = SP - CP = 110 - 100 = 10

GAIN % = gain/CP × 100 = 10/100 × 100 = 10%