SSC Sample Paper Mock Test-11 SSC CGL Tear-II Paper-1

A dealer buys an article marked Rs. 25000 with 20% and 5% off. He spends Rs. 1000 for its repairs and sells it for Rs. 25000. What is his gain or loss per cent?

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\[=\frac{5000}{20000}\times 100=25%\]