If the market price of a bag is 25% above the cost price, and a discount of 18% is declared on it, then find the gain percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i..e. 2.5%.
Let's assume the cost price of the bag (CP) = Rs. 100
Marked price (MP) = Rs. 125
Discount percentage = 18%
Discount = (18/100) × 125 = Rs. 22.5
Selling price (SP) = 125 - 22.5 = Rs. 102.5
Gain = 102.5 - 100 = Rs. 2.5
Gain Percentage = (Gain/CP) × 100 = (2.5/100) × 100 = 2.5%
Therefore, the gain percentage is 2.5%.