A trader goes to a wholesaler to buy 500 kg of merchandise. The wholesaler has a weighing balance that reads 1200 gm for a kg. Later, the trader sells 5 kg to a customer after marking up his cost price by 25% (without realizing that he was cheated by the wholesaler). What is the net gain or loss percent for the trader (approximately)?

A trader goes to a wholesaler to buy 500 kg of merchandise. The wholes

1.	A trader goes to a wholesaler to buy 500 kg of merchandise. The wholesaler has a weighing balance that reads 1200 gm for a kg. Later, the trader sells 5 kg to a customer after marking up his cost price by 25% (without realizing that he was cheated by the wholesaler). What is the net gain or loss percent for the trader (approximately)?
A.	0 %
B.	20 % gain
C.	3 % loss
D.	4.17 % gain
Answer» E.

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