Profit and Loss Practice Test 1

Question : 8 of 40

Marks: +1, -0

The cost price of 24 apples is the same as the selling price of 18 apples. The percentage of gain is:

Solution:

Cost price of 24 apples = Selling price of 18 apples
CP of 24 apples = Rs 24
SP of 18 apples = Rs 24
SP of 24 apples

=24/18 ×24=32

Percentage of gain

={32-24}/24 ×100= 33 1/3%

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