Question

The cost price of an article is 64%of the market price what is the gain % if the discount of 12% is allowed

Answer 1

let market price be 'x'

then cost price will be 64%of x = 0.64x

discount allowed = 12%

then sales price = market price - discount = x - 12%

suppose market price = x = 100..

then cost price will be 0.64x = 0.64*100 = 64

sales price will be x -12% = 100 - 12% = 88

here we can observe that..

sales price > cost price

88>64

there will be a loss..

loss = cost price - sales price

=88- 64

=24

gain percentage  = (gain / cost price)*100 = (24/64)*100 = 37.5%