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Profit and Loss

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  1. The selling price of 20 articles is equal to the cost price of 22 articles. The gain percentage is
    1. 12%
    2. 9%
    3. 10%
    4. 11%
Correct Option: C

Here, a = 22 and b = 20, then
∴ Gain% = [(a - b)/b] x 100%
= [(22 - 20)/20] x 100% =10%


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