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A shop-keeper marks an article, bought by him, at 25% above the cost price and allows a discount of 20% while selling it. What percentage of profit he gets?
1. 5%
2. 4%
3. 3%
4. No profit or loss

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Correct Answer - Option 4 : No profit or loss

Given:

Mark price = 25% above the cost price

Discount = 20% 

Formula Used:

Selling price = Marked price × (100 - Discount%)/100

Profit = Selling price - Cost Price 

Profit % = (Profit × 100)/Cost price

Calculation:

Let assume that cost price = Rs. 100

Marked price = 100 + 25% of 100

⇒ Rs. 125

Selling price = Marked price × (100 - Discount%)/100

⇒ 125 × (100 - 20)/100

⇒ 100

Profit = Selling price - Cost Price 

⇒ 100 - 100 = 0

Profit % = (Profit × 100)/Cost price

⇒ (0 × 100)/100 = 0

∴ In this statement, the shopkeeper earns no profit no loss.

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