Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A retailer buys 30 articles from a wholesaler at the price of 27. If he sells them at their marked price, the gain percent in the transaction is
(a)$9 \frac{1}{11} \%$
(b)10\%
(c)$11 \frac{1}{9} \%$
(d)$16 \frac{2}{3} \%$
Answer
Answer (as printed): C
Explanation
Let the marked price of each article be ₹ 1. Then, C.P. of $30=₹ 27$, S.P. of $30=₹ 30$. $$\text { ∴ Gain } \%=\left(\frac{3}{27} \times 100\right) \%=11 \frac{1}{9} \% \text {. }$$
Explanation as extracted from the printed page; notation may be imperfect.