A wholesaler sells 20 pens at the marked price (printed on the article) of 16 pens to a retailer. The retailer in turn sells them at the marked price . Determine the gain or loss per cent to the retailer.

A wholesaler sells 20 pens at the marked price (printed on the article

1.	A wholesaler sells 20 pens at the marked price (printed on the article) of 16 pens to a retailer. The retailer in turn sells them at the marked price . Determine the gain or loss per cent to the retailer.
A.	25% loss
B.	25% profit
C.	20% loss
D.	20% profit
Answer» C. 20% loss

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A wholesaler sells 20 pens at the marked price (printed on the article) of 16 pens to a retailer. The retailer in turn sells them at the marked price . Determine the gain or loss per cent to the retailer.

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