1.

If the selling price of 10 jackets is equal to the cost price of 11 jackets, what is the gain percentage?1. 10%2. 11%3. 15%4. 25%

Answer» Correct Answer - Option 1 : 10%

Given:

The cost price of 11 jackets = The selling price of 10 jackets

Formula Used:

Profit percentage = {(S.P – C.P)/C.P} × 100

Calculation:

Let the CP of each jacket be Rs. 1

CP of 10 jackets = Rs. 10

CP of 11 jackets = Rs. 11

SP of 10 jackets = Rs. 11

Profit percent = [(11 – 10)/10] × 100 = 10%

∴ Profit% is 10%


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