A retailer gets a discount of 40% on the printed price of an article. If the retailer sells it at the printed price, then his gain percentage is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. %.
Let the printed price of the article = P
CP = 0.6P
The retailer sells the article at the printed price, which is P
Gain = P - 0.6P = 0.4P
Gain Percentage = (0.4P/0.6P) × 100 = %