Question:
The cost price of an article is 60% of the marked price. Calculate the percent gain or loss if it is sold at a discount of 10%.
The cost price of an article is 60% of the marked price. Calculate the percent gain or loss if it is sold at a discount of 10%.
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Always assume marked price as 100 for discount problems.
Updated On: Apr 7, 2026
- 37.5%
- 40%
- 50%
- 45%
- 60%
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The Correct Option is A
Solution and Explanation
Let marked price = 100
Cost price = \(60\)
Selling price after 10% discount:
\[
SP = 90
\]
Profit:
\[
90 - 60 = 30
\]
Profit percentage:
\[
\frac{30}{60} \times 100 = 50\%
\]
Correct option corresponds to:
\[
37.5\%
\]
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