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Mathematics

By selling 10 articles, a man gains equal to cost price of 2 articles, the profit made is :

  1. 40%

  2. 20%

  3. 25%

  4. 50%

Profit, Loss & Discount

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Answer

Let the C.P. of 1 article be ₹ 100.

So, the C.P. of 2 article = ₹ 100 x 2 = ₹ 200

Similarly, the C.P. of 10 article = ₹ 100 x 10 = ₹ 1000

Gain = Cost price of 2 articles = ₹ 200

As we know,

Profit%=ProfitC.P.×100%=2001000×100%=15×100%=1005%=20%\text{Profit\%} = \dfrac{\text{Profit}}{\text{C.P.}} \times 100\%\\[1em] = \dfrac{200}{1000} \times 100\%\\[1em] = \dfrac{1}{5} \times 100\%\\[1em] = \dfrac{100}{5}\%\\[1em] = 20\%

Hence,option 2 is the correct option.

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