Multiple choice

The selling price of 125 articles is the same as the cost price of 140 articles, find gain percent?

  1. 20%

  2. 15%

  3. 12%

  4. 25%

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP of 1 article = 1, then CP of 140 articles = 140. Given SP of 125 articles = CP of 140 articles = 140. So SP of 1 article = 140/125 = 28/25. Profit on 1 article = SP - CP = 28/25 - 1 = 3/25. Profit percent = (Profit/CP) × 100 = (3/25)/1 × 100 = 12%.

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