1.

The selling price of an article is 5/3 of its cost price. Then the gain percentage is:1). 52%2). \(56\frac{2}{3}\% \)3). \(66\frac{2}{3}\% \)4). 68%

Answer»

Let the SELLING price be SP and the Cost Price be CP.

Then SP = (5/3) × CP----(1)

Gain percentage = [(SP – CP)/CP] × 100----(2)

PUTTING (1) in (2)

We GET, Gain percentage $(= \frac{2}{3} \times 100 = 66_3^2\%)$


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