The cost price of a bat is 75% of the marked price. Calculate the gain percentage after allowing a discount of 15%.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 13.33%.
Let the marked price (MP) of the bat be x
The cost price (CP) is 75% of the marked price
⇒ CP = 0.75x
A 15% discount is allowed on the marked price, so the selling price (SP) will be 85% of the marked price
⇒ SP = 0.85x
Now,
⇒ Gain = SP - CP
⇒ 0.85x - 0.75x = 0.10x
So,
Gain% = Gain/CP × 100
⇒ 0.10x/0.75x × 100
⇒ 10/75 × 100 = 13.33%