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Profit and Loss


If the cost price of 12 articles is equal to the selling price of 8 articles, the gain percent is ?

A. 12%

B. 30%

C. 50%

D. 60%


Answer: Option c

Explanation:

CP*12 = SP*8
SP/CP = 12/8 = 3/2
Profit % = (SP - CP)/CP*100
             = (SP/CP)-1 * 100
             = (3/2 - 1) *100 = 50%



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