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Question

A person sells an article for Rs. 550, gaining 110 of its C.P. Find gain percent. [3 MARKS]

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Solution

Concept : 1 Mark
Calculation : 2 Marks

Let the C.P. of the article be Rs.x Then,

Gain=110 of Rs.x=Rs.x10

Now, Gain%=(GainC.P.×100)%

Gain%=(x10x×100)%=10%

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