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.
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 = .
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