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A dealer buys an article marked at Rs. 25,000 with 20% and 5% off. He spends Rs. 1,000 for its repairs and sells it for Rs. 25,000. What is his gain or loss percent?

a) loss of 25%
b) gain of 25%
c) gain 10%
d) loss of 10%

Answer: b
Explanation: Marked Price = 25000.
After first discount it become,
= 25000 – 20% of 25000 = 20000.
After second discount, it becomes
= 20000 – 5% of 20000 = 19000.
So, S.P = 19000.
C.P for the man who bought it, as he spends 1000 on repair.
= 19000 + 1000 = 20000
Profit = 25000 – 20000 = 5000.
%Profit = $$\frac{{5000 \times 100}}{{20000}}$$  = 25%

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