A retailer buys a blender listed at Rs. 800 at a 15% trade discount and sells it at the list price. What is his gain percentage?
Correct answer C. 17.65%
Explanation
Retailer's cost = 800 × 0.85 = Rs. 680. Gain = Rs. 120, so gain% = 120/680 × 100 = 17.65%.
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