1.

If the cost price of 10 buses is equal to the selling price of 8 buses, then what is the gain percentage?1. 10%2. 8%3. 50%4. 25%

Answer» Correct Answer - Option 4 : 25%

Given:

The cost price of 10 buses = The selling price of 8 buses

Formula Used:

Profit percentage = {(SP – CP)/CP} × 100

Calculation:

Let CP of 1 bus be Rs. x

CP of 10 buses = Rs. 10x

SP of 8 buses = Rs. 10x

CP of 8 buses = Rs. 8x

Profit percent = (10x – 8x)/8x × 100 = 25%

∴ Profit% is 25%


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