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      Question

      A vendor priced an item 45% higher than its cost price. If

      he sells it at a 5% discount, what is the vendor's gain percentage?
      A 6.25% Correct Answer Incorrect Answer
      B 15.27% Correct Answer Incorrect Answer
      C 42.51% Correct Answer Incorrect Answer
      D 37.75% Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the cost price of the item be Rs. '150b'

      So, marked price = 150b * 1.45 = Rs. '217.5b'

      So, selling price = 217.5b * 0.95 = Rs. '206.625b'

      So, required gain percentage = {(206.625b - 150b)/150b} * 100 = 37.75%

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