Rajan purchased a purse at 25% discount on its marked price but sold it at the marked price.Find the gain percent of Rajan on this transaction. pls give the answer in step by step explaination
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25 percent gain
let marked price be x
cost of price=75/100x
selling price=x
gain =x-75/100x=25/100x
=0.25x
gain percent=0.25x/x*100percent=25
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