By selling 24 items, a shopkeeper gains the selling price of 4 items. His gain percentage is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 20%
According to the question,
24SP - 24CP = 4SP
20SP = 24CP
CP/SP = 5/6
Profit % = (6 - 5)/5 × 100 = 20%