The cost price of an article is 64% of its marked price. If the article is sold at a discount of 12% on the marked price, the profit percent is:

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Accepted Answer

37.5. Take MP = 100, so CP = 64 and SP = 100 × 0.88 = 88. Profit = 88 − 64 = 24 on a cost of 64 = 24/64 × 100 = 37.5%. (24 is the profit amount, not the percent — the base is 64, not 100.)

The cost price of an article is 64% of its marked price. If the article is sold at a discount of 12% on the marked price, the profit percent is:

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