Multiple choice

The cost price of an article is $\displaystyle \frac {3}{5}$ times of its selling price. Find the loss or the gain as percent.

  1. Gain : 60$\%$
  2. Gain : 67$\%$
  3. Gain : 33$\%$
  4. Gain : 40$\%$
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D Correct answer
AI explanation

Let the selling price be Rs. 5, making the cost price 3 divided by 5 of 5, which is Rs. 3. The profit equals 5 minus 3, which is Rs. 2. Using the profit percentage formula, profit percentage equals profit divided by cost price multiplied by 100, giving 2 divided by 3 multiplied by 100. This calculation results in a gain of 40 percent.

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