A manufacturer sells an article to a wholesale dealer at a profit of 20%. The wholesale dealer sells it to a retail merchant at a loss of 5%. Find out the resultant profit or loss.

14% loss

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14% gain

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12% gain

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Insufficient data

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None of the above

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Solution

The correct option is B 14% gain
Here, m =20, n =-5
$∴$ Resultant profit of loss % = $(m + n + \frac{m n}{100})$
$= (20 - 5 + \frac{20 \times - 5}{100}) % = 14 %$
which represents profit as the sign is +ve.

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