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For every question, four probable answer...

For every question, four probable answers bear in letters (A), (B), (C) and (D) are given. Only one out of these is correct. You have to choose the orrect answer.
1 litre of milk was purchased for Rs. 20 and sold for Rs. 25. The gain or loss% is

A

25% Loss

B

25% Profit

C

20% Profit

D

20% Loss

Text Solution

AI Generated Solution

The correct Answer is:
To find the gain or loss percentage for the given problem, we can follow these steps: ### Step 1: Identify the Cost Price (CP) and Selling Price (SP) - **Cost Price (CP)** of 1 litre of milk = Rs. 20 - **Selling Price (SP)** of 1 litre of milk = Rs. 25 ### Step 2: Determine if there is a Gain or Loss Since the Selling Price (SP) is greater than the Cost Price (CP), we have a gain. ### Step 3: Calculate the Gain - Gain = Selling Price - Cost Price - Gain = SP - CP - Gain = 25 - 20 = Rs. 5 ### Step 4: Calculate the Gain Percentage - Gain Percentage = (Gain / Cost Price) × 100 - Gain Percentage = (5 / 20) × 100 ### Step 5: Simplify the Calculation - Gain Percentage = (5 × 100) / 20 - Gain Percentage = 500 / 20 - Gain Percentage = 25% ### Conclusion The gain percentage is **25%**. ### Options: - (A) 25% Loss - (B) 25% Profit - (C) 20% Profit - (D) 20% Loss The correct answer is **(B) 25% Profit**. ---
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