A merchant buys 25 litres of milk daily at the rate of Rs.12 per litre. He mixes 5 litres of water in it and sells at the rate Rs.10.40 per litre. His gain/loss is:
The marked price of an article is 60% more than its cost price. What maximum discount percentage can be offered by the shopkeeper to sell his article at no profit or no loss?
Eight members of a club donate Rs. 100 each towards a Relief Fund and the President of the club donates Rs. 50 more than the average donation of all (including President) of them. Then the contribution of the president is