The selling price of 40 articles is equal to the cost price of 60 articles. Find the gain percentage.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 50 percent
Given that
The selling price of 40 articles is equal to the cost price of 60 articles
S.P./C.P. = 60/40
As we know,
The gain percentage = [(S.P - C.P.)/C.P.] × 100
The gain percentage = [(60 - 40)/40] × 100
= (20/40) × 100 = 50%