A shopkeeper purchases supplies from a supplier. The supplier sells 750 units of bags to the shopkeeper after gaining the sale price of 125 units of bags. What is the gain percentage of the supplier?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 20%
Let the price of 1 unit of bag = Rs 1
SP of suppilier = 750 units = Rs 750
Gain = C P - S P
125 = C P - 750
C P = Rs 625
Gain % = ( Gain/ CP ) × 100 = (125/625) × 100 = 20%