If selling price of 10 articles is equal to cost price of 11 articles, then gain is:
The correct choice is: “10%” Let the cost price of one article be ₹ 1. Then the selling price of 10 articles = cost price of 11 articles = ₹ 11. Cost price of those 10…
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If selling price of 10 articles is equal to cost price of 11 articles, then gain is:
Answer and explanation
Correct answer D
The correct choice is: “10%”
Let the cost price of one article be ₹ 1. Then the selling price of 10 articles = cost price of 11 articles = ₹ 11.
Cost price of those 10 articles = ₹ 10, so the gain = ₹ 1 on ₹ 10.
Gain % = (1/10) × 100 = 10%.
“9%” is the gain as a percentage of the selling price (1/11 ≈ 9.09%), but gain percent is always calculated on cost price.
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CLAT UG