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?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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