Discussion
A wholeseller buys 40 books at the marked price of 32 books and passes on to a retailer. The retailer in turn sells them at the marked price. Find the gain or loss percent to the retailer.
Answer: D
The retailer makes a gain of 25%.
Let the marked price of one book be 1. The retailer pays the marked price of 32 books, that is 32, for 40 books, and sells all 40 at the marked price, receiving 40.
\[ \text{Gain} \% = \frac{40 - 32}{32} \times 100 = 25\% \]
Gain 20% divides the gain of 8 by the selling price of 40 instead of the cost of 32. There is no loss, since the retailer sells for more than he pays.
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