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If the selling price of 10 articles is e...

If the selling price of 10 articles is equal to the cost price of 11 articles, then the gain percent is

A

10

B

11

C

15

D

25

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the gain percentage when the selling price of 10 articles is equal to the cost price of 11 articles. ### Step-by-Step Solution: 1. **Define Variables**: Let the cost price (CP) of one article be \( x \). 2. **Calculate Cost Price of 10 Articles**: The cost price of 10 articles would be: \[ \text{CP of 10 articles} = 10 \times x = 10x \] 3. **Calculate Cost Price of 11 Articles**: The cost price of 11 articles would be: \[ \text{CP of 11 articles} = 11 \times x = 11x \] 4. **Set Up the Equation**: According to the problem, the selling price (SP) of 10 articles is equal to the cost price of 11 articles: \[ \text{SP of 10 articles} = \text{CP of 11 articles} \] Therefore: \[ \text{SP of 10 articles} = 11x \] 5. **Calculate Selling Price of One Article**: The selling price of one article can be calculated as: \[ \text{SP of 1 article} = \frac{11x}{10} \] 6. **Calculate Gain**: The gain from selling one article is: \[ \text{Gain} = \text{SP} - \text{CP} = \frac{11x}{10} - x \] Simplifying this gives: \[ \text{Gain} = \frac{11x}{10} - \frac{10x}{10} = \frac{x}{10} \] 7. **Calculate Gain Percentage**: The gain percentage is calculated using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 \] Substituting the values we have: \[ \text{Gain Percentage} = \left( \frac{\frac{x}{10}}{x} \right) \times 100 = \frac{1}{10} \times 100 = 10\% \] ### Final Answer: The gain percentage is **10%**.
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