The cost price of an article is 80% of its marked price. The dealer allows a 15% discount on the marked price. Find the gain percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. .
Let Marked Price (MP) = ₹100
Cost Price (CP) = 80% of 100 = ₹80
Selling Price (SP) = 85% of 100 = ₹85
Gain = SP − CP = 85 − 80 = ₹5
Gain% = × 100 = =