Question

A retailer gets a discount of 40% on the printed price of an article. The retailer sells it at the printed price. What is the gain or loss percent?

• A. $12\%$ gain
• B. $12\%$ loss
• C. $66\frac{2}{3}\%$ gain
• D. $66\frac{2}{3}\%$ loss

Answer 1

The correct option is C $66\frac{2}{3}\%$ gain

Let the M.P. = Rs.100

Discount = Rs.40%

$\therefore$ C.P. of the retailer = 60% of Rs.100 = Rs.60

S.P. of the retailer = Rs.100
$\therefore$ Profit % =$\frac{40}{60}\times 100=\frac{200}{3}\%=66\frac{2}{3}\%$