Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 20649

Q.  A trader purchases several articles at the rate of 13 for Rs. 10 and sells them at the rate of 10 for Rs. 13. What is his gain/loss?
- Published on 07 Jul 17

a. 69 % gain
b. 56.25 % gain
c. 56.25 % loss
d. 25 % loss
e. None of these

ANSWER: 69 % gain
 
We have, C. P of 13 articles = Rs. 10
& S. P of 10 articles = Rs. 13
S. P of 13 articles = ?
= (13 * 13) / 10 = 16.9
Gain = [(16.9 – 10)/10] * 100 = 69 %

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