Question

The printed price of an article is Rs. $900$ but the retailer gets a discount of $40$%. He sells the article for Rs. $900$. Retailers' gain per cent is.

• A. $40$
• B. $60$
• C. $66\frac{2}{3}$
• D. $68\frac{1}{3}$

Answer 1

Answer: (C)

$66\frac{2}{3}$

Retailer gets a discount of $40\%$ means he buys it at $60\%$ of the price.

Thus, $60\%$ of $900$ =$\frac{60}{100}\times 900$ $=540$

Profit on selling it at Rs. $900$ $=900-540=360$.

Profit $\%$ $=\frac{Profit}{C.P.}\times 100$

$=\frac{360}{540}\times 100$

$=66\frac{2}{3}$

Therefore, retailer's gain percent is $66\frac{2}{3}$.