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Question
If selling price of 10 articles is equal to the cost price of 11 articles, then gain is:
Options
8%
9%
8.5%
10%
MCQ
Solution
10%
Explanation:
Let CP of 1 article = ₹ 1
CP of 11 article = ₹ 11
CP of 10 article = ₹ 10
SP of 10 article = ₹ 11
Profit%`=(11-10)/10xx100`
= 10%
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Profit and Loss (Entrance Exam)
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