New 55% Off on All Courses - Enroll Now! Click Here

    Question

    A retailer purchased several pants at a cost of Rs. 200

    each and sold them for Rs. 300 per piece. He also incurred an average transportation expense of Rs. 40 on each pant. Calculate the percentage gain he achieved on this transaction.
    A 30% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer

    Solution

    Effective cost price of each pant = 200 + 40 = Rs. 240 So, profit earned on each pant = 300 - 240 = Rs. 60 So, gain percentage = (60/240) x 100 = 25% Hence, option c.

    Practice Next

    Relevant for Exams: