A trader purchases several articles at the rate of 13 for Rs.10 and sells them at the rate of 10 for Rs.13.What is his gain/loss?69% gain56.25% gain56.25% loss25%
Question
A trader purchases several articles at the rate of 13 for Rs.10 and sells them at the rate of 10 for Rs.13.What is his gain/loss?69% gain56.25% gain56.25% loss25%
Solution
First, let's calculate the cost price (CP) and selling price (SP) per article.
The trader buys 13 articles for Rs.10, so the cost price per article is Rs.10/13.
The trader sells 10 articles for Rs.13, so the selling price per article is Rs.13/10.
Now, let's calculate the gain or loss.
If the selling price is greater than the cost price, then the trader makes a gain. If the selling price is less than the cost price, then the trader makes a loss.
In this case, the selling price per article (Rs.13/10) is greater than the cost price per article (Rs.10/13). So, the trader makes a gain.
The gain is calculated as follows:
Gain = Selling Price per article - Cost Price per article Gain = Rs.13/10 - Rs.10/13
To calculate the gain percentage, we use the following formula:
Gain % = (Gain / Cost Price per article) * 100%
Substitute the values into the formula to get the gain percentage.
So, the trader makes a gain, but without the exact calculations, we can't determine the exact percentage from the options given.
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