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The selling price of 10 mobiles is equal to the cost price of 13 mobiles. What is the profit percentage?1. 30%2. 10%3. 13%4. 3% |
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Answer» Correct Answer - Option 1 : 30% Given: Cost price of 13 mobiles = Selling price of 10 mobiles Formula Used: Profit percentage = {(SP – CP)/CP} × 100 Calculation: Let the CP of 1 mobile = Rs 1 CP of 13 mobiles = Rs 13 CP of 10 mobiles = Rs 10 SP of 10 mobile = Rs 13 Gain percent = (13 - 10)/10 × 100 = 30% ∴ Gain% is 30% |
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