Question

By selling 24 items, a shopkeeper gains the selling price of 4 items. His gain percentage is :

• A. 20%
• B. 50%
• C. 25%
• D. 10%

Answer 1

Answer:

A. 20%

SP of an item = 100. Total SP of 24 items = 24 × 100 = 2,400 Gain = 4 × 100 = 400 Cost Price of 24 items = 2400 – 400 = 2,000 Gain Percentage = [400/2000] × 100 = 20%