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Ten articles were bought for Rs. 8, and sold at 8 for Rs. 10. The gain percent is
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- 54.75%
- 57.25%
- 56.25%
- 55%
Correct Option: C
Let 40 articles (LCM of 8 and 10) be bought.
C.P of 1 article = Rs. 8
∴ C.P of 40 articles = | = Rs. 32 | 10 |
S.P of 1 article = Rs. 10
S.P. of 40 articles = | = Rs. 50 | 8 |
Profit = S.P. of 40 articles - C.P. of 40 articles = 50 - 32 = Rs. 18
∴ Profit percent = | × 100 | C.P. of 40 articles |
Profit percent = | = 56.25% | 32 |
We can find gain % with the help of given formula :
Here, a = 10, p = 8 and b = 8, q = 10
Gain % = | × 100 | ||||
bp |
Gain % = | × 100 | ||||
8 × 8 |
Gain % = | × 100 | 64 |
Gain % = | = 56.25% | 32 |