Profit and Loss Practice Test 6

Question : 32 of 40

Marks: +1, -0

A wholesale merchant sells 12 articles to aretail merchant at the price of 9 articles. If th eretail merchant sells them at their markedprice, find his gain per cent.

$33 1/ 3$
$11 1/ 9$
$9 1/ 11$
$16 2/3$

Validate

Solution:

Cost price of 12 articles = Sale price of 9 articles
Cost price of 12 articles = Rs 12
Sale price of 9 articles = Rs 12
Sale price of 12 articles =

12 /9 × 12

= Rs 16
Percentage of gain

= {16 -12}/12 × 100=33 1/3%

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