Madhya Pradesh Police Exam Model Paper 2

Question : 84 of 100

Marks: +1, -0

The selling price of an article is 5/3 of its cost price. Then the gain percentage is:

52%
$56 2/3%$
$66 2/3%$
68%

Solution:

Let the Selling price be SP and the Cost Price be CP.
Then SP = (5/3) × CP ----(1)
Gain percentage = [(SP – CP)/CP] × 100 ----(2)
Putting (1) in (2)
We get, Gain percentage

=2/3×100=66 2/3%

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