A shopkeeper purchases supplies from a supplier. The supplier sells 750 units of bags to the shopkeeper after gaining the sale price of 125 units of bags. What is the gain percentage of the supplier?
- A22%
- B15%
- C20%
- D16%
Solution & Step-by-step Explanation
Let the selling price (SP) of 1 unit of bag be 750
The gain is equal to the selling price of 125 units of bags:
Gain= 625
Now, calculate the gain percentage:
Gain Percentage=(
CP
Gain
)×100
Gain Percentage=(
625
125
)×100=
5
1
×100=20%
The gain is equal to the selling price of 125 units of bags:
Gain= 625
Now, calculate the gain percentage:
Gain Percentage=(
CP
Gain
)×100
Gain Percentage=(
625
125
)×100=
5
1
×100=20%