Practicing Success
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CUET
General Test
Numerical Ability
Profit and Loss
A man sold a radio set and gained one-eighth of its cost price. What is the profit percent?
20%
12.5%
15.5%
18%
Given = \(\frac{Profit}{CP}\) = \(\frac{1}{8}\)
Gain % = \(\frac{1}{8}\) × 100 = 12.5%