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    Question

    A retailer increased the price of a gadget by 35%

    relative to its cost price. If the gadget is sold at a 25% discount, determine the retailer's gain percentage.
    A 6.25% Correct Answer Incorrect Answer
    B 1.25% Correct Answer Incorrect Answer
    C 4.51% Correct Answer Incorrect Answer
    D 7.75% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the gadget be Rs. '120c'

    So, marked price = 120c * 1.35 = Rs. '162c'

    So, selling price = 162c * 0.75 = Rs. '121.5c'

    So, required gain percentage = {(121.5c - 120c)/120c} * 100 = 1.25%

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