Question

dinesh buy 40 article by selling them at a uniform rate he gains the selling price of 5 article his gain is

Answer 1

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%