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A shopkeeper purchased a chair marked at ₹900 at two successive discounts of 25% and 15% respectively. He spent ₹26.25 on transportation and sold the chair for ₹735. His gain percentage was?
- 20%
- 22.50%
- 25%
- 30%
Correct answer: 22.50%
Solution
The marked price after successive discounts becomes ₹900 × 0.75 × 0.85 = ₹573.75. Adding transportation gives total cost ₹600, and selling at ₹735 gives profit ₹135, which is 22.5% of ₹600.
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