Arithmetic

Profit & Loss

Medium

By selling a T-shirt on marked price of ₹ 650, a shopkeeper gains 25%. During a clearance sale, the shopkeeper allows a discount of 20% on the marked price. What is the overall profit/loss?

1% profit

1% loss

No profit, no loss

2% profit

✅ Correct Option: 3

Given: Marked price = ₹650, and selling at this price gives 25% profit.

When profit is 25%, the selling price is 1.25 times the cost price.

$650 = \text{CP} \times 1.25$

$\text{CP} = \frac{650}{1.25}$

$\text{CP} = 520$

The cost price is ₹520.

During the clearance sale, a 20% discount is given on the marked price.

Discount amount $= \frac{20}{100} \times 650$

Discount amount $= 130$

Selling price during sale $= 650 - 130$

Selling price during sale $= 520$

Comparing the cost price and selling price during sale:

Cost Price = ₹520

Selling Price = ₹520

Since the cost price equals the selling price, there is no profit and no loss.

The answer is option 3: No profit, no loss.

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Solution