The cost price of an article is 75% of its marked price. How much percent does the tradesman gain after allowing a discount of 15%?

A20%

B13 and one-third % ✓ Correct

C10%

D15 and two-third %

Correct answer: (B) 13 and one-third %

Explanation

The gain is 13 and one-third %.

Let marked price = 100, so cost = 75.

Discount 15% gives selling price = 85.

Profit = 85 - 75 = 10.

Gain % = 10 / 75 x 100 = 13 and one-third %.

Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.