Question

shopkeeper bought an article for rupees 20000 and sold for rupees 2500 find his gain percent or loss percent​

Answer 1

Step-by-step explanation:

ANSWER

Given, C.P.=Rs2,500

and S.P. =125 % of C.P.=100125×2,500=Rs3,125 

As 4 % of the S.P. is paid as tax,  amount paid as tax =1004×3,125=Rs125

So, actual Profit =S.P.−C.P.−tax=Rs3,125−Rs2,500−125=Rs500

And Profit % =C.PProfit×100=2.500500×100=20 %