1.

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%

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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