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% loss
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% loss
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 percentage.
The formula for gain or loss percentage is:
Gain% or Loss% = [(SP - CP)/CP] * 100
Substituting the values we have:
Gain% = [(13/10 - 10/13) / (10/13)] * 100
Solving this, we get approximately 56.25%.
Since SP > CP, the trader made a gain. So, the answer is 56.25% gain.
Similar Questions
swerA 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?
Select the correct answerTwo articles are sold for rupees 10,384 each, the seller gains 18% on one and on the other, he loss 12%. What is his overall gain or loss?OptionsRs 178 gainRs 178 lossRs 168 gainRs 168 loss
Select the correct answerTwo articles are sold for rupees 962 each. On one, the seller gains 30% and on the other,he loses 26%. What is his overall gain or loss percentage, nearest to one decimal place?Options5.7% loss6.0% gain5.7% gain6.0% loss
Select the correct answerA shopkeeper sold two articles for 9639 each. On one, he gained 19% and on the other, he lost 19%. What is the overall percentage gain or loss?Options3.61% gain3.81% loss3.81% gain3.61% loss
Select the correct answerTwo articles are sold for 9,720 each. On one, the seller gains 8% and on the other, he loss 10% What is his overall gain or loss?Options360 loss380 gain380 loss360 gain
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.