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  1. The ratio of the C.P. and S.P. of an article is 20 : 21. What is the gain percent?
    1. 5%
    2. 5.5%
    3. 6%
    4. 6.25%
Correct Option: A

Here , The ratio of the C.P. and S.P. of an article = 20 : 21
Let the C.P. and S.P. of an article are 20k and 21k .
Gain = 21k - 20k = k

Gain% =
k
× 100
20k

Gain% =
1
× 100 = 5%
20



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