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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% |
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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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