Question 70

The selling price of 24 articles is equal to the cost price of 26 articles. What is the gain percentage (correct to one decimal place) in sucha situation ?

Solution

According to question,

24 × selling price = 26 × cost price

⇒$$\frac{\left(selling\ price\right)}{\left(\cos t\ price\right)}=\ \frac{26}{24}$$

⇒profit = selling price - cost price = 26-24 = 2

the percentage profit = $$\frac{profit}{\cos t\ price}\times\ 100$$

= $$\frac{2}{24}\times\ 100$$

= 100/12 = $$\frac{25}{3}\%$$

hence answer is option B

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