Multiple choice

The cost price of an article is 80% of its marked price. The dealer allows 15% discount on the market price. Find the gain or loss percent.

  1. 5%

  2. 6%

  3. 7%

  4. 8%

  5. None of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

(If marked price is Rs.100, then cost price is Rs.80 & selling price is Rs.85 Therefore, gain percent = 5/80 X 100% = 6.25%)

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