A) Loss of 25%
B) Gain of 25%
C) Gain of 10%
D) Loss of 10%
Correct Answer: B
Solution :
Equivalent discount |
\[=\left( 20+5-\frac{20\times 5}{100} \right)%=24%\] |
\[\therefore \] Cost price of article = Rs. \[\left( 25000\times \frac{76}{100} \right)\] |
= Rs. 19000 |
Repairs cost = Rs. 1000 |
\[\therefore \]Actual cost price \[=19000+1000\] = Rs. 20000 |
SP = Rs. 25000 |
Profit \[=25000-20000\]= Rs. 5000 |
\[\therefore \] Gain percentage\[=\frac{5000}{20000}\times 100=25%\] |
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