A wholesaler sells 30 pens at the marked price of 20 pens to the retailer The retailer in turns sell...........

Quant (SSC) Profit and loss

A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The retailer in turns sells them at the marked price. Determine the loss or gain percent?

25% gain

50% gain

50% loss

25% loss

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Explanation:

SP of 30 pens = MP of 20 pens = x (let it is x)
MP of one pen = x/20,
he sells 30 pens at x/20, so SP = 3x/2
Cp =x
So % profit = [(3x/2 – x)/x]*100 = 50%