If the selling price of an article is times of the cost price, then the gain percentage is:
Show answer & explanation
Correct answer: B
Explanation
The Correct answer is option 2 i.e. 120%.
Let's assume the cost price of the article = 100
So, the selling price = 100 × 11/5 = 220
Profit percentage = (Selling price - Cost price)/Cost price × 100
= (220 - 100)/100 × 100
= 120%