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The selling price of 12 fishes is equal to the cost price of 15 fishes. What is the gain percentage?1. 6.67%2. 20%3. 25%4. 80% |
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Answer» Correct Answer - Option 3 : 25% Given: The cost price of 15 fishes = The selling price of 12 fishes Formula Used: Profit percentage = {(SP – CP)/CP} × 100 Calculation: Let CP of 1 fish be RS x CP of 12 fishes = Rs 12x CP of 15 fishes = Rs 15x SP of 12 fishes = Rs 15x Gain percentage = (15x – 12x)/12x × 100 = 25% ∴ The Gain percentage is 25%. |
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