A dealer buys an article marked at ₹5000 with two successive discounts of 20% and 5%. He spends ₹200 on repairs and sells it for ₹5000, what is his profit/loss percent ?
Given, MP = ₹5000, Successive Discount rate, 20% and 5%
$$\therefore$$ Price at which he purchased after Discount = $$ 5000\times \frac{80}{100} \times \frac{95}{100}=₹3800$$
Now, Before selling it, He spends ₹200 on repairing
$$\therefore$$ Total Cost = 3800+200 = ₹4000 and As given, Selling price = ₹5000
Net Profit = 5000 - 4000=1000
$$\therefore$$ Profit % = $$\frac{1000}{4000} \times 100 = 25$$%
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