A person bought a book at 3/4^{th} of its listed price and sold it at 50\% more than its listed price. What is the percentage of gain in the transaction?
- A. 20%
- B. 40%
- C. 75%
- D. 100% ✓
Correct Answer: D. 100%
Explanation
Let listed price = 100. Cost Price (CP) = 75. Selling Price (SP) = 150. Profit = 150 - 75 = 75. Profit percentage = (\frac{75}{75}) \times 100\% = 100\%.
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