Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The cost price of 50 articles is the same as the selling price of 30 articles. Find gain/loss %.

Options:

gain 66\(\frac{2}{3}\)%

 

loss 66\(\frac{2}{3}\)%

gain 60%

loss 60%

Correct Answer:

gain 66\(\frac{2}{3}\)%

 
Explanation:

CP × 50 =  SP  × 30

gain % = \(\frac{2}{3}\) × 100% = \(\frac{200}{3}\)

= 66\(\frac{2}{3}\)%