Question

If the selling price of 18 articles is equal to the C.P. of 21 articles, the loss or gain percent is :

• A. $16\frac{2}{3}\%gain$
• B. $14\frac{2}{7}\%gain$
• C. $16\frac{2}{3}\%loss$
• D. $14\frac{2}{7}\%loss$

Answer 1

The correct option is C $16\frac{2}{3}\%loss$

Let C.P. of each article be Rs. 1

C.P. of 18 articles = Rs. 18

S.P of 18 articles = Rs. 21

$\therefore Gain\%=(\frac{3}{18}\times 100)\%=16\frac{2}{3}\%$