Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A wholeseller buys 20 pens at the marked price of 16 pens to a retailer. The retailer in turn sells them at the marked price. Determine the gain or loss percent to the retailer.
(a)20\%
(b)23\%
(c)25\%
(d)30\%
Answer
Answer (as printed): C
Explanation
Let M.P. of each pen be ₹ 1. Then, C.P. of 20 pens = ₹ 16; S.P. of 20 pens = ₹ 20. $$\text { ∴ Gain } \%=\left(\frac{4}{16} \times 100\right) \%=25 \% \text {. }$$
Explanation as extracted from the printed page; notation may be imperfect.