The cost price of an article is 80% of its marked price. The dealer allows 15% discount on the marked price. Find the gain or loss percent?
Explanation:
Let the marked price be m
Then, CP = 0.8 m and SP = 0.85 m
gain % = (0.85m - 0.8m)/(0.8m) = (0.05m)/(0.8m) = 0.0625 = 6.25%
Hence, option (c).
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