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The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain or loss percentage?
50% gain
60% loss
30% loss
90% gain
- Determining cost price and selling price:
- Cost price (CP) of 27 articles = Selling price (SP) of 18 articles
- Using CP and SP to find gain/loss:
- Let's assume CP of 1 article = x, then CP of 27 articles = 27x
- Therefore, SP of 18 articles = 27x
- So, SP of 1 article = 27x/18 = 3x/2
- Finding gain percentage:
- Gain = SP per article - CP per article = (3x/2 - x) = x/2
- Gain percentage = (Gain/CP) * 100 = (x/2x) * 100 = 50%
- Explaining options:
- Option 1: 50% gain - This reflects our derived gain percentage correctly.
- Option 2: 60% loss - This is incorrect based on calculations.
- Option 3: 30% loss - This is incorrect as calculations show gain, not loss.
- Option 4: 90% gain - There is gain, but not to this extent.
- Correct Answer: 50% gain. Your answer is correct.
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