The marked price of an article is 26% more than its cost price. If a discount of 32% is given, what will be the loss percentage?

Options
a) 15.25%
b) 14.32%
c) 12.26%
d) 18.64%

Solution

As per question
MP = CP x 1.26
Discount on MP 32%
SP = (CP x 1.26) x .68
SP = CP x .8568
Loss = SP – CP
Loss = CP – CP x .8568
Loss = CP (1 – .8568) = .1432 CP
Loss % = = 14.32%

Answer: b) 14.32%