A retailer buys 20 pens at the marked price of 15 pens from a wholesaler. If he sells these 20 pens giving a discount of 1%, then what is the profit percent of the retailer?
Consider the given statement and decide which of the given assumptions is/are implicit in the statement.
Statement:
"Invest in our schemes and double your money" – Statement by a marketing executive.
Assumptions:
1. The statement is an unrealistic assurance.
2. People want to invest their savings to increase their income.