dinesh buy 40 article by selling them at a uniform rate he gains the selling price of 5 article his gain is
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Step-by-step explanation:
Quantitative Aptitude ≫ Profit and Loss
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Question:
By selling 40 articles a person gains cost price of 4 articles. What is his gain percent?
Options:
10%
Correct Answer: Option 1 (Solution Below)
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Solution:
Given:
By Selling 40 article gain cost price of 4 article
Formula used:
Gain = Selling Price(SP) - Cost Price(CP)
Gain% = (Profit/CP) × 100
Calculation:
The person bought 40 articles and sold 40 article
According to the question
SP of 40 - CP of 40 = 4 CP
Gain = 4 CP
Gain% = (4/40) × 100 = 10%
∴ The gain per cent is 10%
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