Question

11 mangoes are bought for Rs. 10 and 10 mangoes are sold for Rs. 11 Find the gain (or) loss per cent__

• A. 21% gain
• B. 11% gain
• C. 21% loss
• D. 11% loss

Answer 1

The correct option is A 21% gain

Cost price of each mango will be $=\frac{10}{11}$
And SP of each mango will be $=\frac{11}{10}$
As $SP>CP$, there is a Gain
Now, Gain % $=\frac{SP-CP}{CP}\times 100=\frac{\frac{11}{10}-\frac{10}{11}}{\frac{10}{11}}\times 100=21$ %