A video magazine distributor made 3500 c...

A video magazine distributor made 3500 copies of the March issue of the magazine at a cost of Rs. 3,50,000. He gave 500 cassettes free to some key video libraries. He also allowed a 25% discount on the market price of the cassettes and gave one extra cassette free with every 29 cassettes bought at a time. In this manner, he was able to sell all the 3500 cassettes that were produced. If the market price of a cassette was Rs. 150, then what is his gain or loss per cent for the March issue of the video magazine?

3.4% loss

15% gain

40% gain

6.8% loss

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