If by selling 110 mangoes, the C.P. of 120 mangoes is realized. Then the gain percent is?

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answer is A.

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Detailed Solution

Concept- C.P. is referred to as the cost price of a product.
S.P. stands for the selling price of a product.
If S.P. is greater than C.P., then the difference of S.P. and C.P. is known as “Profit”.
The margin of profit on C.P. is known as the “Gain Percentage”
Profit = S.P. – C.P. (in case, S.P. > C.P.)
Gain Percentage =

Step-by-step explanation is as follows-
Given,
The condition of the Cost Price in the question is for 120 Mangoes.
Let us consider the C.P. of 1 Mango to be

INR.
Then C.P. of 120 mangoes is equal to 120

Again, the given condition for S.P. in the question is for 110 mangoes.
That the S.P. of 110 mangoes is equal to the C.P. of the 120 mangoes.
This means that the C.P. of 110 mangoes is equal to 120

.
Then the cost price of one mango is equal to

.
Since the S.P. of 1 mango is greater than its C.P., the amount of profit on a single mango is equal to

.
Profit on 1 Mango =

Therefore, Gain Percentage as per formula mentioned in the concept section above = Question Image

Gain Percentage =

Hence, the correct answer is 1)

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