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Manish sold his goods at half of the list price and lost 20%. If he had sold only at the listed price, then what is the gain percentage?1. 60%2. 20%3. 72%4. 35% |
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Answer» Correct Answer - Option 1 : 60% Given: Manish sold goods at half of the list price He lost 20% Formula Used: Profit percentage = {(SP – CP)/CP} × 100 Calculation: Listed price of goods = Rs. y and CP = Rs. 100(let) y/2 = 80 ⇒ y = 160 Gain on selling at the listed price = (160 – 100)/100 × 100 = 60% ∴ Gain% is 60% |
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