Multiple Choice Questions on Reema buys dress for 10 less than its value and sells it for 10 more than its value His gain or loss........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Reema buys dress for 10 less than its value and sells it for 10 more than its value His gain or loss...........

Quant (SSC) Profit and loss
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    Reema buys dress for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is:

    no profit, no loss

    Incorrect Answer

    20% profit

    Incorrect Answer

    less than 20% profit

    Incorrect Answer

    more than 20% profit

    Correct Answer
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    Explanation:

    Let the article be worth Rs. x.
    C.P. = 90% of Rs. x. = Rs.(9/10)x S.P.
    = 110% of Rs.x = Rs.(11/10)x
    Gain = Rs.11/10x- 9/10x=(1/5)x
    gain %=(2/5x) x (10/9x) x 100 = 44.44% >20%

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