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The cost price of 18 articles is equal to the selling price of 15 articles. The gain is ____1. 25%2. 15%3. 20%4. 18% |
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Answer» Correct Answer - Option 3 : 20% Given: Cost price of 18 articles = Selling price of 15 articles Formula used: Gain% = (Gain/C.P) × 100 Calculation: Let the cost of 1 article be Rs. 1 Cost of 15 articles = Rs. 15 Now, selling price of 15 articles = Rs. 18 Gain = Rs. (18 – 15) ⇒ Rs. 3 Gain% = (3/15) × 100% ⇒ 20% ∴ The gain percentage is 20% |
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