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Profit and Loss

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  1. A man buys 10 articles for Rs. 8 and sells them at the rate of Rs. 1.25 per article. His gain is ?
    1. 20%
    2. 50%
    3. 191/2%
    4. 561/4%
Correct Option: D

C. P. of 10 articles = Rs. 8
S.P. of 10 articles = Rs. (1.25 x 10) = Rs. 12.50
∴ Gain = (4.5/8) x 100 % = 561/4%


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