Multiple Choice Questions on If the cost price of 10 articles is equal to the selling price of 7 articles then the gain or loss p........... for CDS Exam Preparation

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Multiple Choice Questions

If the cost price of 10 articles is equal to the selling price of 7 articles then the gain or loss p...........

Quantitative Aptitude (CDS) Profit and loss
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    If the cost price of 10 articles is equal to the selling price of 7 articles, then the gain or loss percent is.

     

    51%gain
     

    Correct Answer

    42\tfrac{6}{7}% gain

    Incorrect Answer

    35%loss
     

    Incorrect Answer

     42\tfrac{6}{7}% loss

    Incorrect Answer
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    Explanation:

    Explanation- acorrding to question, 
    10CP=7SP
    CP/SP = 7/10  3 unit profit
    Profit%  = 3/7×100 = 42\tfrac{6}{7}% gain

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