Multiple choice

The cost price of 32 articles is equal to the selling price of 20 articles. Find the gain%.

  1. 60%

  2. 50%

  3. 40%

  4. 30%

  5. 20%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

According to question,

32 * CP = 20 * SP

SP/CP = 32/20 = 8/5 

Now, use this shortcut formula:

Gain% = (SP/CP - 1) * 100

= (8/5 - 1) * 100

 = 60%

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