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Byju's Answer
Standard VIII
Mathematics
CP and SP
A man buys 10...
Question
A man buys 10 articles for Rs 8 and sells them at Rs 1.25 per article. His gain percent is:
A
55%
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B
56
1
4
%
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C
40%
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D
25%
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E
None of the above
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Solution
The correct option is
B
56
1
4
%
Cost price of 10 articles (C.P.) =Rs 8
Selling price of 10 articles (S.P.)
=
1.25
×
100
=Rs 12.50
Profit =S.P =C.P. =12.50-8 =Rs 4.50.
∴
Gain %
=
G
a
i
n
×
100
C
.
P
=
4.50
×
100
8
=
56
1
4
%
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