If the cost price of 16 articles is equal to the selling price of 12 articles, the gain percentage is…
The gain is approximately 33.33%. If the cost and selling prices per article are C and S, then 16C = 12S, giving S = 4C/3. Thus the gain percentage is ((S − C)/C) × 100 =…
Choose your answer
If the cost price of 16 articles is equal to the selling price of 12 articles, the gain percentage is approximately __________
Answer and explanation
Correct answer D
The gain is approximately 33.33%. If the cost and selling prices per article are C and S, then 16C = 12S, giving S = 4C/3. Thus the gain percentage is ((S − C)/C) × 100 = 100/3%, or approximately 33.33%.
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