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Question : If the ratio of cost price and the selling price is 5 : 6, then the gain percent is:

Option 1: $20\%$

Option 2:

$33\frac{1}{3}\%$

Option 3:

$25\%$

Option 4:

$30\%$


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: $20\%$


Solution : Given that the ratio of the cost price and selling price of an article is 5 : 6.
Let the selling price be 6k and the cost price be 5k.
Profit = 6k – 5k = k
$\therefore$ Profit percentage $=\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100=\frac{k}{5k}×100=20\%$
Hence, the correct answer is $20\%$.

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