A dealer buys an article marked at ₹30000 with two successive discounts of 20% and 5%. He spends ₹1200 on repairs and sells it for ₹30000, what is his profit/loss percent?
Given,
Marked price of the article = ₹30000
Price of the article after 20% discount = $$=\frac{80}{100}\times30000=24000$$
Price of the article after 5% successive discount = $$=\frac{95}{100}\times24000=22800$$
Cost on repairs = ₹1200
$$\therefore\ $$Cost Price of the dealer = 22800 + 1200 = ₹24000
Selling price of the article = ₹30000
Profit percentage = $$\ \frac{30000-24000}{24000}\times100=\frac{6000}{24000}\times100=25\%$$
Hence, the correct answer is Option D
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