Question : A man buys an article for INR 80 and marks it at INR 125. He then allows a discount of 40%. What is his percentage of loss or gain?
Option 1: 12% gain
Option 2: 10% gain
Option 3: 6.25% loss
Option 4: 12% loss
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Correct Answer: 6.25% loss
Solution : Cost price = INR 80 Marked price = INR 125 Discount = 40% of marked price = 0.4 × 125 = INR 50 Selling price = 125 – 50 = INR 75 Loss = 80 – 75 = 5 Loss % = $\frac{5}{80}×100$ = 6.25% Hence, the correct answer is a 6.25% loss.
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