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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25% profit

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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