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Krishna purchased a number of articles at $ 10 for each and the same number for $ 14 each. He mixed them together and sold them for $ 13 each. Then his gain or loss percent is
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Loss 8 1 % 3 -
Gain 8 2 % 3 -
Loss 8 2 % 3 -
Gain 8 1 % 3
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Correct Option: D
Let 10 articles of each kind be bought.
∴ Total cost price = $ (10 × 10 + 14 × 10) = $ 240
Total selling price = 13 × 20 = $ 260
Gain = Total selling price - Total cost price = 260 - 240 = $ 20
| ∴ Gain percent = | | × 100 | | 240 |
| Gain percent = | = 8 | % | 240 | 3 |
