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A dealer buys an article marked at Rs500...

A dealer buys an article marked at Rs5000 with two successive discounts of 20% and 5%. He spends Rs200 on repairs and sells it for Rs5000, what is his profit/loss percent?

A

25% profit

B

20% loss

C

25% loss

D

20% profit

Text Solution

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The correct Answer is:
A
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