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The printed price of an article is Rs 90...

The printed price of an article is Rs 900 but the retailer gets a discount of 40%. He sells the artice for Rs 900. Retailer's gain per cent is :

A

`40%`

B

`60%`

C

`66(2)/(3)%`

D

`58(1)/(3)%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Determine the Discount Amount The printed price (marked price) of the article is Rs 900, and the retailer receives a discount of 40%. To find the discount amount: \[ \text{Discount} = \text{Marked Price} \times \left(\frac{\text{Discount Percentage}}{100}\right) \] \[ \text{Discount} = 900 \times \left(\frac{40}{100}\right) = 900 \times 0.4 = 360 \] ### Step 2: Calculate the Cost Price The cost price (CP) for the retailer is the marked price minus the discount: \[ \text{Cost Price} = \text{Marked Price} - \text{Discount} \] \[ \text{Cost Price} = 900 - 360 = 540 \] ### Step 3: Identify the Selling Price The selling price (SP) of the article is given as Rs 900. ### Step 4: Calculate the Profit Profit can be calculated by subtracting the cost price from the selling price: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] \[ \text{Profit} = 900 - 540 = 360 \] ### Step 5: Calculate the Profit Percentage The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \] \[ \text{Profit Percentage} = \left(\frac{360}{540}\right) \times 100 \] Now, simplify the fraction: \[ \frac{360}{540} = \frac{2}{3} \] Thus, \[ \text{Profit Percentage} = \left(\frac{2}{3}\right) \times 100 = \frac{200}{3} \approx 66.67\% \] ### Final Answer The retailer's gain percentage is approximately 66.67%. ---
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