Profit and Loss Practice Test 4

Question : 34 of 40

Marks: +1, -0

A person purchases a certain number of articles. He bought 11 articles for Rs 10 and sold them for Rs 11. Find the gain per cent.

Solution:

CP of 11 articles = Rs 10
CP of 1 article

= 10/11

= Rs 0.91
SP of 10 articles = Rs 11
SP of 1 article =

11/10

= Re 1.1
Gain per cent

={1.1-0.91}/0.91×100=21%

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