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### Discussion :: Profit and Loss

1.  By selling an article what is the profit percent gained?

I.5% discount is given on list price.

II.If discount is not given, 20% profit is gained.

III.The cost price of the articles is Rs. 5000.

2. A.
 Only I and II
B.
 Only I and II
C.

Only I and III

D.

All I, II and III

E.

None of these

Explanation :

I. Let the list price be Rs. x.

 Then, S.P. = 95% of Rs. x = Rs. $$[X X \frac { 95 } { 100 }]$$ = Rs.$$\frac { 19X } { 20 }$$

II. When S.P. = Rs. x and gain = 20%.

 Then, C.P. = Rs. $$[\frac { 1 00} { 120 } XX]$$ = Rs.$$\frac { 5X } { 6 }$$
 Gain = $$[ \frac { 19X } { 20 }$$-$$\frac { 5X } { 6 }$$ ] = $$[\frac { 57X - 50X } {60} ]$$ =$$\frac { 7X } { 60 }$$

 Gain % = [ $$\frac { 7X } { 60 }$$ X $$\frac { 6 } { 5X }$$ x100] % = 14%

Thus, I and II only give the answer.