A manufacturer sells an article to a wholesale dealer at a profit of 20 % . wholesale dealer sells i

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7.Profit and Loss

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A manufacturer sells an article to a wholesale dealer at a profit of $20 \%$. The wholesale dealer sells it to a retail merchant at a loss of $5 \% .$ Find out the resultant profit or loss.

A

$14 \%$ loss

B

$14 \%$ gain

C

$12 \%$ gain

D

None of these

Solution

Here, $m=20, n=-5$

$\therefore \quad$ Resultant profit or $\operatorname{loss} \%=\left(m+n+\frac{m n}{100}\right)$

$=\left(20-5+\frac{20 \times-5}{100}\right)=14 \%$

which represents profit as the sign is $+ ve.$

Standard 13

Quantitative Aptitude

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