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The cost price of 24 apples is the same as the selling price of 18 apples. The percentage of gain is:1. 25%2. \(33 \frac{1}{3}\)%3. \(22 \frac{1}{2}\)%4. 20% |
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Answer» Correct Answer - Option 2 : \(33 \frac{1}{3}\)% Given: Cost price of 24 apples = Selling price of 18 apples Formula used: Profit% = (Profit/Cost price) × 100 Calculation: Cost price of 24 apples = Selling price of 18 apples ⇒ CP × 24 = SP × 18 ⇒ CP/SP = 18/24 Profit = 24 - 18 = 6 Profit% = (6/18) × 100 Profit% = (1/3) × 100 Profit% = \(33 \frac{1}{3}\)% ∴ The Profit% is \(33 \frac{1}{3}\)%. |
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