The selling price of 34 articles is equal to the cost price of 38 artieles. What is the gain percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. %.
Selling price = SP and Cost price = CP
So,
34SP = 38CP
⇒ CP/SP = 34/38
Let, CP = 34x and SP = 38x
Gain = SP - CP = 38x - 34x = 4x
Gain percentage = (4x/34x) × 100 = %
Therefore, the gain percentage is %.