LIC AAO Model Paper 2

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Question : 44 of 160

Marks: +1, -0

If the cost price of 24 articles is equal to the selling price of 21 articles, what is the percentage gain or loss?

14 2/7% gain 2
14 2/7% loss
12.5% loss
12.5% gain
None of these

Solution:

Percentage gain =

(24-21)/{21}

× 100 =

{100}/7

% = 14

2/7

%

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