Multiple Choice Questions on By selling 10 bicycles a seller gains the selling price of 1 bicycle Calculate his gain percent ........... for CDS Exam Preparation

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Multiple Choice Questions

By selling 10 bicycles a seller gains the selling price of 1 bicycle Calculate his gain percent ...........

Quantitative Aptitude (CDS) Profit and loss
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    By selling 10 bicycles, a seller gains the selling price of 1 bicycle. Calculate his gain percent.

     

    12.22%
     

    Incorrect Answer

     13.4%
     

    Incorrect Answer

     11.11%
     

    Correct Answer

     14%

    Incorrect Answer
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    Explanation:

    Let the SP of one bicyle = Rs. 2000
    then   SP of 10 bicycle = Rs. 20000
    and profit = 2000
    CP = 20000-2000 = Rs.18000
    profit % =1/9 x100=  11.11%

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