A man buys 10 articles for Rs., 8 and sells them at Rs., 1.25 per article. His gain percent is

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7.Profit and Loss

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A man buys $10$ articles for $Rs.\, 8$ and sells them at $Rs.\, 1.25$ per article. His gain percent is

A

$55$

B

$56 \frac{1}{4}$

C

$40$

D

None of these

Solution

cost price of $10$ articles $( C . P .)=Rs.8$

Selling price of $10$ articles $(S.P.)$ $=1.25 \times 10$

$=Rs. 12.50$

Profit $= S.P.$ $-C . P=12.50-8= Rs.4.50$

$\therefore \quad$ Gain $\%=\frac{\operatorname{Gain} \times 100}{C . P}=\frac{4.50 \times 100}{8}=56 \frac{1}{4} \%$

Standard 13

Quantitative Aptitude

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