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The selling price of an article is 6/5 ...

The selling price of an article is `6/5` of the cost price. The gain per cent is

A

0.2

B

0.25

C

0.3

D

1.2

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will determine the gain percentage based on the given information about the selling price and cost price. ### Step-by-Step Solution: 1. **Let the Cost Price (CP) be x**: - We denote the cost price of the article as \( x \). **Hint**: Start by defining the cost price as a variable to simplify calculations. 2. **Determine the Selling Price (SP)**: - According to the problem, the selling price is \( \frac{6}{5} \) of the cost price. Therefore, we can express the selling price as: \[ SP = \frac{6}{5} \times x = \frac{6x}{5} \] **Hint**: Use the relationship given in the problem to express the selling price in terms of the cost price. 3. **Calculate the Gain**: - Gain is calculated as the difference between the selling price and the cost price: \[ \text{Gain} = SP - CP = \frac{6x}{5} - x \] - To perform the subtraction, we need a common denominator: \[ \text{Gain} = \frac{6x}{5} - \frac{5x}{5} = \frac{6x - 5x}{5} = \frac{x}{5} \] **Hint**: Remember to find a common denominator when subtracting fractions. 4. **Calculate the Gain Percentage**: - The gain percentage is calculated using the formula: \[ \text{Gain Percentage} = \left(\frac{\text{Gain}}{CP}\right) \times 100 \] - Substituting the values we have: \[ \text{Gain Percentage} = \left(\frac{\frac{x}{5}}{x}\right) \times 100 \] - Simplifying this gives: \[ \text{Gain Percentage} = \left(\frac{1}{5}\right) \times 100 = 20\% \] **Hint**: When calculating percentages, ensure that you multiply by 100 after finding the ratio. ### Final Answer: The gain percentage is **20%**.
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RS AGGARWAL-PROFIT AND LOSS -EXERCISE 10D ( Tick the correct answer in each of the following:)
  1. A bat is bought for Rs 120 and sold for Rs 105. The loss per cent is.

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  2. A bookseller sells a book for Rs.100, gaining Rs. 20. His gain per cen...

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  3. On selling an article for Rs.48 a shopkeeper loses 20%. In order to ga...

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  4. On selling an article at a certain price a man gains 10%. On selling t...

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  5. Bananas are bought at 3 for Rs. 2 and sold at 2 for Rs. 3. The gain pe...

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  6. If the selling price of 10 pens is the same as the cost price of 12 pe...

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  7. On selling 100 pencils a man gains the selling price of 20 pencils. Hi...

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  8. Ravi buys some toffees at 5 for a rupee and sells them at 2 for a rupe...

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  9. Oranges are bought at 5 for Rs. 10 and sold at 6 for Rs.15. His gain p...

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  10. By selling a radio for Rs. 950, a man loses 5%. What per cent shall he...

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  11. The selling price of an article is 6/5 of the cost price. The gain pe...

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  12. On selling a chair for Rs.720, a man loses 25%. To gain 25% it must be...

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  13. The ratio of cost price and selling price of an article is 20 : 21. Wh...

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  14. A man sold two chairs for Rs. 500 each. On one he gains 20% and on th...

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  15. The profit earned on selling an article for Rs.625 is the same as loss...

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  16. A man buys an article for Rs.150 and makes overhead expenses which are...

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  17. If an article is sold at a gain of 5 % instead of being sold at a loss...

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  18. A dealer lists his articles at 20% above cost price and allows a disco...

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  19. The marked price of an article is 10% more than the cost price and a d...

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  20. The price of watch including 10% VAT is Rs. 825. What is its basic pri...

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