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Select the correct answerA 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?Options45% gain69% loss50% gain69% gain

Question

Select the correct answerA 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?Options45% gain69% loss50% gain69% gain

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Solution

The trader buys 13 articles for Rs.10, so the cost price of each article is Rs.10/13.

He sells 10 articles for Rs.13, so the selling price of each article is Rs.13/10.

To find the gain or loss, we need to compare the selling price and the cost price.

The selling price per article is Rs.1.3 and the cost price per article is approximately Rs.0.77.

So, the gain per article is Rs.1.3 - Rs.0.77 = Rs.0.53.

To find the percentage gain, we divide the gain by the cost price and multiply by 100.

So, the percentage gain is (0.53/0.77)*100 = 68.83%, which is approximately 69%.

Therefore, the trader has a 69% gain. So, the correct answer is "69% gain".

This problem has been solved

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