A dealer buys an article marked at Rs 25000 with 20 and 5 off He spends Rs 2000 on its repair and se...........

Quant (SSC) Profit and loss

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. 25,000. What is his gain or loss percent?

21% loss

10.50% loss

19.04% gain

19.04% loss

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Explanation:

Total CP = (95% of 80% of ? 25000) + (2000)
= ?[(95/100 x 80/100 x 25000) + 2000]
= ? (19000 + 2000) = ? 21000
∴ CP = ? 21000, SP = ? 25000
Gain = ?(25k – 21k) = 4k
∴ Gain% = 4000/21000 x 100% = 19.04%