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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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