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Question : The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain or loss percentage?

Option 1: 50% gain

Option 2: 60% loss

Option 3: 30% loss

Option 4: 90% gain


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: 50% gain


Solution : The cost price of 27 articles is the same as the selling price of 18 articles.
Let the cost price of 1 article be Rs. 1
The cost price of 18 articles = Rs. 18
The selling price of 18 articles = the cost price of 27 articles = Rs. 27
Profit on selling 18 articles = 27 – 18 = Rs. 9
Gain % = $\frac{9}{18}\times 100$ = 50%
Hence, the correct answer is a 50% gain.

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