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If the selling price of 10 booklets is equal to the cost price of 12 booklets then the percentage gain or loss is?1. Gain 20%2. Loss 20%3. Gain 25%4. Loss 25% |
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Answer» Correct Answer - Option 1 : Gain 20% Given: Selling price of 10 booklets= Cost price of 12 booklets Formula used: Gain% = ((S.P. – C.P.)/C.P) × 100 Calculation: S.P. of 10 = C.P. of 12 S.P/C.P = 12/10 Let C.P. be 10x So, S.P. = 12x Gain% = ((12x – 10x)/10x) × 100 ⇒ Gain% = 20% ∴ Gain% is 20% |
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