Question

A dealer buys an article marked at Rs. $25000$ with $20$ % and $5$ % off. He spends Rs. $2000$ on its repair and sells it for Rs. $25000$. What is his gain or loss percent?

Answer 1

Marked price$=Rs.25000$

Discount$=20$%

$=\frac{20}{100}\times 25000=Rs.5000$

Also discount $=5$%

$=\frac{5}{100}\times 25000=Rs.1250$

Then , C.P.$=25000-5000-1250=Rs.18750$

He spends Rs. $2000$ on its repair so the price at which it cost it $=18750+2000=Rs.20750$

S.P.$=Rs.25000$

And C.P. $=Rs.20750$

Therefore, Profit $=Rs.4250$

Then profit % =$\frac{4250}{20750}\times 100=20.48$%