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If by selling 110 mangoes, the C.P. of 120 mangoes is realised, the gain percent is -

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Question

If by selling 110 mangoes, the C.P. of 120 mangoes is realised, the gain percent is

Options

  • `9 1/11`%

  • `9 1/9`%

  • `10 10/11`%

  • `11 1/9`%

MCQ

Solution

`9 1/11`%

Explanation:

Let C.P. of each mango be ₹ 1.

C.P. of 110 mangoes = ₹ 110, S.P. of 110 mangoes = ₹ 120.

∴ Gain % = `(11/110 xx 100)`% = `9 1/11`%.

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Profit and Loss (Entrance Exam)
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