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The ratio of cost price and selling pric...

The ratio of cost price and selling price of an article is 25:26. Find the gain percentage.

A

a.6

B

b.5

C

c.4

D

d.3

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The correct Answer is:
To find the gain percentage based on the given ratio of cost price (CP) to selling price (SP), follow these steps: ### Step-by-Step Solution: 1. **Identify the Cost Price and Selling Price:** - According to the problem, the ratio of cost price to selling price is given as 25:26. - Let the cost price (CP) be 25x and the selling price (SP) be 26x, where x is a common multiplier. 2. **Calculate the Profit:** - Profit is calculated as Selling Price minus Cost Price. - Profit = SP - CP = 26x - 25x = 1x. - Therefore, Profit = x. 3. **Calculate the Gain Percentage:** - The formula for gain percentage is: \[ \text{Gain Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] - Substituting the values we have: \[ \text{Gain Percentage} = \left( \frac{x}{25x} \right) \times 100 \] - Simplifying this, we get: \[ \text{Gain Percentage} = \left( \frac{1}{25} \right) \times 100 = 4\% \] ### Final Answer: The gain percentage is **4%**.
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