The marked price of a fan is 25% more than its cost price. If a discount of 12% is given on the marked price, then the gain per cent is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e.10%
Let the Cost Price be: x
Thus The marked price is = x + 25%x
= 125x/100
Thus Selling Price = Marked Price - discount
S.P. = 125x/100 - (12%)(125x/100)
= 11x/10
Thus Gain per unit is = Selling Price - Cost Price
= 11x/10 - x
= x/10
Thus, 10% of cost is the gain over each unit sold.