A dealer buys an article marked at Rs 25000 with 20% and 5% off. He spends Rs 2000 on its repair and sells it for Rs 25000. What is his gain or loss percent?

Options

A. 21% loss
B. 10.50% loss
C. 19.05% gain
D. 25% gain

Answer

To solve the problem step by step, we will follow the process of calculating the cost price (CP), selling price (SP), and then determining the gain or loss percentage.

### Step 1: Calculate the effective cost price after discounts
1. **Marked Price (MP)** = Rs 25,000
2. **First Discount** = 20%
- Effective Price after first discount = MP × (1 - 20/100)
- Effective Price after first discount = 25,000 × (80/100) = 25,000 × 0.8 = Rs 20,000

3. **Second Discount** = 5%
- Effective Price after second discount = Price after first discount × (1 - 5/100)
- Effective Price after second discount = 20,000 × (95/100) = 20,000 × 0.95 = Rs 19,000