A dealer buys an article marked at Rs. 25,000 with 20% and 5% off. He spends Rs. 2,000 for its repairs and sells it for Rs. 25,000. What is his gain or loss per cent?
A. 21% loss B. 10.50% loss C. 19.05% Gain D. 25% Gain Answer: Option CShow Answer
Solution(By Apex Team)
Total CP = (95% of 80% of Rs.25000) + (2000)
$\begin{array}{l}
=\left(\frac{95}{100} \times \frac{80}{100} \times 25000\right)+2000 \\
=19000+2000=\text { Rs. } 21000
\end{array}$
Therefore, CP = Rs.21000 and SP = Rs.25000
Therefore, Gain = 25000 – 21000 = Rs.4000
Therefore, Gain % $=\frac{4000}{21000} \times 100 \%=\frac{400}{21} \%$
= 19.05% (approx.)
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