Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If the cost of 20 books is equal to the selling price of 18 books, then the gain percentage is:

Options:

$11 \frac{1}{9}$ %

$11 \frac{1}{3}$ %

$11 \frac{2}{9}$ %

$10 \frac{1}{9}$ %

Correct Answer:

$11 \frac{1}{9}$ %

Explanation:

Cost of 20 books = Selling price of 18 books

\(\frac{CP}{SP}\) =  \(\frac{18}{20}\) 

Profit% = \(\frac{20 - 18}{18}\) × 100 = $11 \frac{1}{9}$ %