Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2007 · Marks: · Difficulty:
A dealer buys an article marked at ₹ 25000 with 20\% and 5\% off. He spends ₹ 1000 on its repairs and sells it for ₹ 25000. What is his gain or loss percent?
(a)Loss of 25\%
(b)Gain of 25\%
(c)Loss of 10\%
(d)Gain of 10\%
Answer
Answer (as printed): B
Explanation
C.P. of the article $=₹[(95 \%$ of $80 \%$ of 25000$)+1000]$ $$\begin{aligned} & =₹\left[\left(\frac{95}{100} \times \frac{80}{100} \times 25000\right)+1000\right] \\ & =₹ 20000 . \end{aligned}$$ S.P. of the article = ₹ 25000. $$\text { ∴ Gain } \%=\left(\frac{5000}{20000} \times 100\right) \%=25 \% \text {. }$$
Explanation as extracted from the printed page; notation may be imperfect.