An article is marked 25% above its cost price. If a discount of 25% is given on the marked price, then there is a 

1
a loss of \(5\frac{3}{4}\% \)
2
a loss of \(6\frac{1}{4}\%\)
3
a gain of \(6\frac{3}{4}\% \)
4
no gain no loss

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