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Q.

Some article were bought at 11 for Rs. 10 and sold at 10 for Rs. 11. Gain percent is           

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a

21%

b

24%

c

23%

d

25%

answer is A.

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Detailed Solution

CP of  11 articles = 10/-

CP of  1 article = 1011

 SP of  10 articles = 11

SP of  1 article = 1110

Profit  %  =  SP-CPCP×100

=1110-10111011×100

=21×1110×10×100=21%

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