If the cost price of 10 articles is equal to the selling price of 7 articles, then the gain or loss percent is · ABC26GN2650
Subject: General Aptitude · Chapter: Profit and Loss · Exam: C.P.O. 2005
If the cost price of 10 articles is equal to the selling price of 7 articles, then the gain or loss percent is
(a)35\% loss
(b)$42 \frac{6}{7} \%$ loss
(c)$42 \frac{6}{7} \%$ gain
(d)51\% gain
Answer
Explanation
Let C.P. of each article be ₹ 1. Then, C.P. of 7 articles $=₹ 7$; S.P. of 7 articles $=₹ 10$. $$\text { ∴ } \text { Gain } \%=\left(\frac{3}{7} \times 100\right) \%=42 \frac{6}{7} \% .$$
Explanation as extracted from the printed page; notation may be imperfect.
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