The selling price of 11 articles is the same as the cost price of 9 articles. The gain or loss percent is:
Answer & explanation
Correct answer: option 4
ATQ,
⇒ S.P. of 11 = C.P. of 9
⇒ C.P. : S.P. = 11 : 9
⇒ Loss = 11 - 9 = 2
⇒ Loss percentage = \(\frac{2}{11}\) × 100 = 18\(\frac{2}{11}\)%