Question
Download Solution PDFIf the cost price of 2140 articles is equal to the selling price of 1712 articles, then what is the gain %?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
CP of 2140 articles = SP of 1712 articles
Formula used:
Gain% = (Gain ÷ CP) × 100
Gain = SP - CP
Calculation:
Let CP of 1 article = ₹1
⇒ CP of 2140 articles = ₹2140
So, SP of 1712 articles = ₹2140
⇒ SP of 1 article = 2140 ÷ 1712
⇒ SP of 1 article = 1.25
Now, CP = ₹1, SP = ₹1.25
⇒ Gain = 1.25 - 1 = 0.25
⇒ Gain% = (0.25 ÷ 1) × 100 = 25%
∴ Gain % = 25%
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