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Question

A man buys an article for 27.50 and sells it for 28.60. Find his gain percent


A

1%

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B

2%

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C

3%

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D

4%

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Solution

The correct option is D

4%


Cost price of the article =27.50

and, Selling price of the article =28.60

Since the selling price is more than the cost price. So, the man will gain.

Therefore, Gain = S.P. C.P. =(28.6027.50)=1.10

Hence,

Gain percentage =gainc.p.×100%

=1.1027.50×100%=4%

So, the correct option is (d)


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