If selling price of 80 articles is equal

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If selling price of 80 articles is equal to the cost price of 100 articles, then find the gain percentage.

Options:

30%

25%

40%

50%

Correct Answer:

25%

Explanation:

Selling price of 80 articles = The cost price of 100 articles

\(\frac{SP}{CP}\) = \(\frac{100}{80}\)

Profit = 100 - 80 = 20

Profit% = 20 × \(\frac{100}{80}\) = 25%