A fruit merchant gets discount of 25% at the time of purchasing but loses 20% on its selling .Find his gain or loss percent
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A merchant allows a 25% discount on a marked price and still makes a profit of 20%. If he gains 360 Rs over the sale of one cycle, what is the marked price of the cycle?
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Bikirna Roy, MBA Finance, Symbiosis Institute of Business Management, Pune
Answered Aug 1, 2017
Profit = 20% = 360 Rs
So, Cost Price = 360 / 20 * 100 = 1800 Rs
And Sales Price = 1800 + 360 = 2160 Rs
Discount = 25% of marked price
So Sales Price = (100 - 25) % = 75% of marked price
=> 2160 = 75% of marked price
=> marked price = 2160 / 75 * 100 = 2880 Rs
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6 ANSWERS

Bikirna Roy, MBA Finance, Symbiosis Institute of Business Management, Pune
Answered Aug 1, 2017
Profit = 20% = 360 Rs
So, Cost Price = 360 / 20 * 100 = 1800 Rs
And Sales Price = 1800 + 360 = 2160 Rs
Discount = 25% of marked price
So Sales Price = (100 - 25) % = 75% of marked price
=> 2160 = 75% of marked price
=> marked price = 2160 / 75 * 100 = 2880 Rs
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