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If the selling price of 45 articles is equal to the cost price of 50 articles, the loss or gain percentage is:1. Gain: \(\frac{{50}}{3}\%\)2. Loss: \(\frac{{50}}{9}\%\)3. Loss: \(\frac{{100}}{9}\%\)4. Gain: \(\frac{{100}}{9}\%\) |
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Answer» Correct Answer - Option 4 : Gain: \(\frac{{100}}{9}\%\) Given: Selling price of 45 articles is equal to the cost price of 50 articles Concept used: Profit and loss Calculation: SP × 45 = CP × 50 \(\frac{{SP}}{{CP}} = \frac{{50}}{{45}}\) \(\frac{{SP}}{{CP}} = \frac{{10}}{9}\) Gain = SP - CP Gain % = \(\frac{{10 - 9}}{9} \times 100\) Gain% = \(\frac{{100}}{9}\% \) |
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