The cost price of a bat is 75% of the marked price. Calculate the gain percentage after allowing a discount of 15%.

Question

Accepted Answer

Let the marked price (MP) be 100 units.

Cost price (CP) = 75% of MP = 75 units.

Discount = 15% on MP, so selling price (SP) = MP - discount = 100 - 15 = 85 units.

Gain = SP - CP = 85 - 75 = 10 units.

Gain percentage = (Gain / CP) × 100 = (10 / 75) × 100 = 13.33%.

Rechecking the calculation shows the gain percentage is 13.33%, which corresponds to option 2.

However, the initial marking of option 1 as correct was incorrect. The correct gain percentage is 13.33%.

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