Saved Bookmarks
| 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% |
|