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    Question

    Anil buys an item at a 20% discount on its listed price and

    sells it giving a 15% discount on the same listed price. What is Anil's gain or loss percentage?
    A 6.25% gain Correct Answer Incorrect Answer
    B 3.88% loss Correct Answer Incorrect Answer
    C 2.25% loss Correct Answer Incorrect Answer
    D 1.45% gain Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the listed (marked) price of the item be Rs. 100x

    Cost price for Anil = 100x × 0.80 = Rs. 80x

    Selling price for Anil = 100x × 0.85 = Rs. 85x

    Gain percentage = {(85x - 80x) / 80x} × 100 = 6.25%

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