The selling price of an article is (4/3) times of its cost price . The gain percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 33(1/3)%.
Let us assume the cost price be = x
Thus, the Selling Price would be = 4x/3
Thus Gain = Selling Price - Cost Price
= 4x/3 - x
= x/3
Thus the Gain is 1/3 or 33% of the cost.