Question

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 ?
12​

Answer 1

let each shirt price = 1 rs

24 shirt price = 24rs ( cost price)

25 shirt price = 25rs ( selling price)

profit % = {(25-24)/24}×100 = 100/24 = 25/6

or 4.16 %