A wholesaler sells 25 shirts, but charges for 24 shirts from the retailer. What is
the gain % of the retailer, if he sells all the 25 shirts at the marked price ?
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6
Answer:
4.17%
Step-by-step explanation:
Let price be x
Now , Cp = 24x
Sp = 25x ... As per the question
As sp > cp , profit is there
Profit = Sp - Cp
= 25x - 24x
= x
Profit% = Profit/Cp × 100
= 1x/24x × 100
= 100/24
= 4.1666...
= 4.17 { Rounding off to nearest hundredth }
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