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The cost price of 40 phones is same as the selling price of 25 phones. What is the gain percentage?1. 65%2. 60%3. 15%4. 75% |
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Answer» Correct Answer - Option 2 : 60% Given: The cost price of 40 phones = The selling price of 25 phones Formula Used: Profit percentage = {(SP – CP)/CP} × 100 Calculation: Let CP of 1 phone be Rs. x CP of 25 phones = Rs. 25x CP of 40 phones = Rs. 40x SP of 25 phones = Rs. 40x Gain percentage = (40x – 25x)/25x × 100 = 60% ∴ Gain% is 60% |
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