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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