A dealer buys an article marked at Rs. 25000 with 20% and 5% off. He spends Rs. 1000 on its repairs and sells, it for Rs. 25000. What is his gain %?
Marked price = Rs. 25000
Price of the article after 1st discount =80100×25000= Rs. 20000
Price of the article after 2nd discount =95100×20000= Rs. 19000
⇒ Net C.P. of the articles = Rs. 19000+ Rs. 1000= Rs. 20000
S.P. = Rs. 25000
∴ Gain %=(25000−20000)20000×100=500020000×100=25%