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?

Correct option is D

Given:

​The marked price of an article is 26% more than its cost price.

Discount given = 32%

Formula Used:

Loss = CP - SP

Loss % = $$\frac{Loss}{CP}\times 100$$​​

Solution:

Let the cost price of an article be Rs 100.

So, Marked Price = $$100+\frac{26}{100}\times 100$$​ = Rs 126

After 32%  discount,

Final price of article = $$126-\frac{32}{100}\times 126=126-40.32$$​ = Rs 85.68

Loss = 100 - 85.68 = Rs 14.32

Loss% = $$\frac{14.32}{100}\times 100$$​ = 14.32%