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  1. By selling an article for Rs 450, a man loses 10%. Find his gain or loss per cent if he sells it for Rs 540.

Options:
A .  Loss 8 %
B .  Gain 8 %
C .  Loss 9 %
D .  Gain 9 %
Answer: Option B

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3 Comments

450*100/90 = 500
Sp 540
540-500=40%profit
%profit = 40/500*100=8%
450=cp[1-10/100]
Cp=500
Because selling price is more than cost price so,
% gain=(540-500/500)100=8%gain answer
450=cp[1-10/100]
Cp=500

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