By selling 125 cassettes, a man gains an amount equal to the selling price of 5 cassettes. find the gain or loss per cent
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Answer: 25%
Step-by-step explanation:
let selling price of 1 cassette be x
selling price of 25 cassettes is 25x
selling price of 5 cassettes is 5x
as per question
profit = 5x
hence,
cost price = selling price - profit
= 25x - 5x
= 20x
percent profit = profit*100/cost price
= 5x*100/20x
= 25%
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Answer:
this is the correct answer
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