A person bought 864 articles and sold 800 of them for the price he paid for 864 articles. He sold the remaining articles at the same price per article as the other 800. The percentage gain on the entire transaction is

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INSURANCE EXAMS (New India Assurance) 2011 click here to view all questions

A person bought 864 articles and sold 800 of them for the price he paid for 864 articles. He sold the remaining articles at the same price per article as the other 800. The percentage gain on the entire transaction is

A$\text{7.5%}$

B$\text{8%}$

C$\text{8.5%}$

D$\text{9%}$

nithin ? Aug 10 '2022 at 21:6

Correct answer is: \(\text{8%}\)

Explanation:

Profit per cent

\(=\Large \frac{864 - 800}{800} \times 100\)

\(=\Large \frac{64}{800} \times 100 = \text{8 %}\)

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Correct answer is: \(\text{8%}\) Explanation: Profit per cent \(=\Large \frac{864 - 800}{800} \times 100\) \(=\Large \frac{64}{800} \times 100 = \text{8 %}\) nithin ? answered Aug 10 '2022 at 21:6 All Comments

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