A shopkeeper is purchasing goods from a wholesaler. The wholesaler is selling 1265 units of goods to the shopkeeper after gaining a sale price of 165 units of goods. What is the gain percentage of the wholesaler?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 15%.
Let SP of 1 unit = 1
Total SP = 1265 × 1 = 1265
Gain = 165 × 1 = 165
CP = 1265 - 165 = 1100
Gain percentage = (165/1100) × 100 = 15%