A shopkeeper sold his goods at half of the list price and thus lost 25%. If he had sold at the listed price, his gain %?
Answer & explanation
Correct answer: option 1
Let the marked price of an article be x and CP = 100
according to the question, \(\frac{x}{2}\) = 75 ⇒ x = 150
if sold at MRP, them SP = 150
P% = \(\frac{50}{100}\) × 100% = 50%