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Select the correct answerThe cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?Options15%25%18%20%

Question

Select the correct answerThe cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?Options15%25%18%20%

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Solution

Let's solve this step by step:

  1. The cost price of 18 articles is equal to the selling price of 15 articles. This means that the seller is making a profit on 3 articles while selling 15 articles.

  2. So, the profit percentage can be calculated as (Profit/CP)*100. Here, the profit is equivalent to the cost price of 3 articles and the cost price in the denominator is equivalent to the cost price of 15 articles (since it's the selling price of 15 articles).

  3. Therefore, the profit percentage is (3/15)*100 = 20%.

So, the correct answer is 20%.

This problem has been solved

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