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    Question

    Marked price and cost price of an article are in the

    ratio 7:4, respectively. If the article was sold at discount of 20%, then find the gain percentage.
    A 45% Correct Answer Incorrect Answer
    B 40% Correct Answer Incorrect Answer
    C 32% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer

    Solution

    Let the marked price of the article be Rs. '7x' So, cost price of the article = 7x X (4/7) = Rs. '4x' Selling price of the article = 7x X 0.8 = Rs. '5.6x' So, gain earned = 5.6x - 4x = Rs. '1.6x' So, gain percentage = (1.6x/4x) X 100 = 40%

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