a trader marks his goods 25% above the cost price he then sells them at a discount of 25% if the cost price is rupees 500 then find the loss or gain percentage
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Answer:
Given=
Cost Price=500
% of extra price marked=25%
Discount=25%
Therefore,
Marked Price=25% of Cost price +Cost Price
=25/100×500+500
=125+500
=625
Marked Price=625
Selling Price=Marked Price - Discount
Discount=25% of 625
=25/100×625
=156.25
Selling Price=625-156.25
=468.75
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