Q68
ArithmeticPercentage, Profit & Loss
By selling 60 articles a vendor gains the selling price of 15 articles. His gain in percentage is:
- a.25
- b.$33\frac{1}{3}$
- c.20
- d.$28\frac{4}{7}$
Answer: (B) $33\frac{1}{3}$
SP of 60 − CP of 60 = SP of 15, so CP of 60 articles = SP of 45 articles. The gain is the SP of 15 on a cost equal to the SP of 45, i.e. 15 ÷ 45 = $33\frac{1}{3}$%. 25% wrongly divides by 60 instead of 45.