Multiple choice

18 articles were bought for Rs. 12 and 15 articles were sold for Rs. 16. Find the gain percentage.

  1. 30%

  2. 60%

  3. 40%

  4. 50%

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

CP of each article = 12/18 = Rs. 2/3,

SP of each article = Rs.16/15,

So, gain = 16/15 – 2/3 = 6/15

= Rs. 2/5,

Therefore, gain % = (gain/CP)*100,

= [(2/5)(/2/3)]*100,

= 60%

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