Multiple Choice Questions on The ratio of the CP and SP of an itemis 10 11 What is the gain percent ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

The ratio of the CP and SP of an itemis 10 11 What is the gain percent ........

Quantitative Aptitude ( CCS) Profit and loss
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    The ratio of the CP and SP of an itemis 10:11. What is the gain percent? 

    15%

    Incorrect Answer

    10%

    Correct Answer

    20%?

    Incorrect Answer

    25%

    Incorrect Answer
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    Explanation:

    Let profit% be x
    Profit = SP-CP
    Given, CP/SP=10/11
    =>SP/CP=11/10
    profit%= Profit/CP×100
    Profit% = (SP-CP)/CP×100=(SP/CP-1)×100  = (11/10-1)×100  = 1/10×100=10%

    By: Munesh Kumari
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