If the cost price of 10 articles is equal to the selling price of 7 articles, then the gain or loss percent is = ?
A. 51% gain
B. $$42\frac{6}{7}$$% gain
C. 35% loss
D. $$42\frac{6}{7}$$% loss
Answer: Option B
Solution(By Examveda Team)
According to the question,10 Cost Price = 7 Selling Price
$$\eqalign{ & \frac{{{\text{CP}}}}{{{\text{SP}}}} = \left. {\frac{7}{{10}}} \right\rangle {\text{3 unit profit}} \cr & {\text{Profit}}\% = \frac{3}{7} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 42\frac{6}{7}\% {\text{ gain}} \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Join The Discussion