The cost price of 10 articles is equal to the selling price of 9 articles. Find the gain per cent.
Answers
So, C. P. =9
S. P. =10
Gain=S.P.-C.P.
= 10-9=1
GAIN%=GAIN ×100÷C.P.
=1×100/9
=100÷9=11.111
Step-by-step explanation:
Given that the cost price of 10 articles is equal to the sale price of 9 articles.
We have to find the gain percent.
Solution:
Let the cost price of 1 article = Rs. 1
Then the cost price of 10 articles = 1 x 10 = Rs. 10
Since, given that,
Selling price of 9 articles = Cost price of 10 articles
Selling price of 9 articles = Rs. 10
Hence, we know the selling price of 9 articles.
Now we calculate the cost price of 9 articles.
Cost price of 9 articles = 1 x 9 = Rs. 9
Thus,
Profit made on the selling of 9 articles = Selling price of 9 articles - Cost price of 9 articles
Profit made on the selling of 9 articles = 10 - 9
Profit made on the selling of 9 articles = Rs. 1
% Profit or % Gain = ( Profit / Cost Price ) x 100 %
% Gain = ( 1 / 9 ) x 100 %
% Gain = 11.11 %
which is the required answer.
Hope it will help you. Thanks.
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