If apples are bought at 11 for RS 10 & sold at 10 for RS 11, how much
will be the gain %?
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Answer:
Gain % = 21%
Step-by-step explanation:
(when we are buying)
Price of 11 apples = Rs10
Price of 1 apple = Rs10/11(COST PRICE)
(when we are selling)
Price of 10 apples = Rs11
Price of 1 apple = Rs11/10(SELLING PRICE)
Gain = (SP - CP)
=Rs(11/10-10/11)
=Rs(21/110)
Gain % = Gain*100/CP
= 21/110 * 11/10 * 1/100
=21%
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