If 11 Mango are bought for Rs., 10 and sold at 10 for Rs., 11 . What was Gain or Loss % ?

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7.Profit and Loss

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If $11$ Mango are bought for $Rs.\, 10$ and sold at $10$ for $Rs.\, 11 .$ What was Gain or Loss $\% ?$

A

$24$

B

$21$

C

$26$

D

$25$

Solution

$CP$ of $11$ Mangoes $=$ $Rs. 10$

$\Rightarrow$ $CP$ of $10$ Mangoes $=$ Rs. $\left[10 \times \frac{10}{11}\right]=$ Rs. $\frac{100}{11}$

SP of 10 Mangoes $=$ $Rs. 11$

$\%$profit $=\frac{11-\frac{100}{11}}{\frac{100}{11}} \times 100 \%$ $=21\%$

Standard 13

Quantitative Aptitude

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