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A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The retailer in turns sells them at the marked price. Determine the loss or gain percent?
- a)25% gain
- b)50% gain
- c)50% loss
- d)25% loss
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
A wholesaler sells 30 pens at the marked price of 20 pens to the retai...
SP of 30 pens = MP of 20 pens = x (let it is x)
MP of one pen = x/20, he sells 30 pens at x/20, so SP = 3x/2
Cp =x
So % profit = [(3x/2 – x)/x]*100 = 50%
MP of one pen = x/20, he sells 30 pens at x/20, so SP = 3x/2
Cp =x
So % profit = [(3x/2 – x)/x]*100 = 50%
Most Upvoted Answer
A wholesaler sells 30 pens at the marked price of 20 pens to the retai...
Calculation of Loss or Gain Percentage:
Given:
- Wholesaler sells 30 pens at the marked price of 20 pens to the retailer.
- The retailer sells them at the marked price.
Calculation:
1. Let's assume the cost price of each pen is $1.
2. The total cost price for 30 pens = $1 * 30 = $30.
3. The retailer pays for the cost of 20 pens = $1 * 20 = $20.
4. The remaining 10 pens are sold at the cost price of $20.
5. The total selling price for 30 pens = 30 pens * $1 = $30.
Loss or Gain Calculation:
- The retailer pays $20 for 20 pens and sells 30 pens for $30, which results in a gain of $10.
- Gain Percentage = (Gain / Cost Price) * 100
- Gain Percentage = ($10 / $20) * 100
- Gain Percentage = 50%
Therefore, the correct answer is option B) 50% gain.
Given:
- Wholesaler sells 30 pens at the marked price of 20 pens to the retailer.
- The retailer sells them at the marked price.
Calculation:
1. Let's assume the cost price of each pen is $1.
2. The total cost price for 30 pens = $1 * 30 = $30.
3. The retailer pays for the cost of 20 pens = $1 * 20 = $20.
4. The remaining 10 pens are sold at the cost price of $20.
5. The total selling price for 30 pens = 30 pens * $1 = $30.
Loss or Gain Calculation:
- The retailer pays $20 for 20 pens and sells 30 pens for $30, which results in a gain of $10.
- Gain Percentage = (Gain / Cost Price) * 100
- Gain Percentage = ($10 / $20) * 100
- Gain Percentage = 50%
Therefore, the correct answer is option B) 50% gain.
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A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The retailer in turns sells them at the marked price. Determine the loss or gain percent?a)25% gainb)50% gainc)50% lossd)25% losse)None of theseCorrect answer is option 'B'. Can you explain this answer?
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A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The retailer in turns sells them at the marked price. Determine the loss or gain percent?a)25% gainb)50% gainc)50% lossd)25% losse)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The retailer in turns sells them at the marked price. Determine the loss or gain percent?a)25% gainb)50% gainc)50% lossd)25% losse)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The retailer in turns sells them at the marked price. Determine the loss or gain percent?a)25% gainb)50% gainc)50% lossd)25% losse)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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