A man purchased a shirt and pant with a discount of 25% on its marked price. He sold them at a price 40% more than the price at which he bought them. How much percent the new selling price to its marked price?

5%
7.5%
9%
12.5%

Correct Answer: 5%

Explanation:

Let the original price of pant and shirt be = ₹ N.
∴ Cost price of point and shirt = [N x (100 - 25)]/100 = ₹ 3N/4
And selling price of shirt and pant = (3N/4) x (100 + 40)/100 = (3N/4) x (140/100)
= ₹ 21N/20
Hence, required percentage
= [(21N/20 - N)/ N] x 100 % = 100 / 20 % = 5%

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