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Q.

Sharma bought 963 articles and sold 900 of them for the price he paid for 963 articles. He sold the remaining articles at the same price per article as the other 900. The percentage gain on the entire transaction is

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a

7 %

b

9 %

c

8 %

d

10 %

answer is A.

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Detailed Solution

Let cost price of one article is₹1.

∴ Selling price of900 articles=₹963

Selling price of one articles =963900=₹1.07

∴ Selling price of remaining 63 articles=63×1.07

=₹67.41

Hence, percentage gain =67.41963×100

=7 %

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