Question
Download Solution PDFIf the cost price of 2120 articles is equal to the selling price of 1696 articles, then what is the gain %?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price of 2120 articles = Selling price of 1696 articles.
Formula Used:
Gain % = (Gain / Cost Price) × 100
Gain = Selling Price - Cost Price
Calculation:
Let the cost price of one article = ₹1.
Cost Price of 2120 articles = ₹2120
Selling Price of 1696 articles = ₹2120
Selling Price of one article = ₹(2120 / 1696)
Selling Price of one article = ₹(5/4)
Gain per article = ₹(5/4 - 1)
Gain per article = ₹(1/4)
Gain % = [(1/4) / 1] × 100
Gain % = 25%
The gain percentage is 25%.
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