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
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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