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A wholesaler sells 20 pens at the marked price of 16 pens to a retailer. The retailer sells them at the marked price. Determine the gain percent of the retailer.

Solution

Correct Option: 3

Let MRP of one pen be Rs. 100. Retailer buys 20 pens at MRP of 16 pens = Rs. 1600, so CP per pen = Rs. 80. SP per pen = Rs. 100. Gain per cent = 1008080×100=25%\frac{100 - 80}{80} \times 100 = 25\%.

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