If the cost price of 24 articles is equal to the selling price of 21 articles, what is the percentage gain or loss?

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INSURANCE EXAMS (UIIC) 2002 click here to view all questions

If the cost price of 24 articles is equal to the selling price of 21 articles, what is the percentage gain or loss?

A$\Large 14\frac{2}{7} \text{ % gain}$

B$\Large 14\frac{2}{7} \text{% loss}$

C12.5% loss

D12.5% gain

Nithin ? Aug 9 '2022 at 21:39

Correct answer is: \(\Large 14\frac{2}{7} \text{ % gain}\)

Explanation:

\(= \Large \frac{ \left(24-21\right) }{21} \times 100 = \frac{100}{7}\text{ %}\)

\(= \Large 14\frac{2}{7}\text{ %}\)

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Correct answer is: \(\Large 14\frac{2}{7} \text{ % gain}\) Explanation: \(= \Large \frac{ \left(24-21\right) }{21} \times 100 = \frac{100}{7}\text{ %}\) \(= \Large 14\frac{2}{7}\text{ %}\) Nithin ? answered Aug 9 '2022 at 21:39 All Comments

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