The Gain or Loss Percentage will be:

Cost price of 100 books is equal to the selling price of 60 books. The gain or loss percentage will be:

  1. 66%
  2. 265/4 %
  3. 200/3 %
  4. 267/4 %
Monis Rasool Professor Asked on 30th August 2015 in Maths.
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1 Answer(s)

Answer: (3) 200/3%

Explanation:-
The cost price of 100 books = 1
Then, the cost price of 1 book = 1/100

Selling price of 60 books = 1
Then, the selling price of 1 book = 1/60

Then, profit of 1 book = 1/60 – 1/100
= (5- 3)/300
= 2/300 = 1/150
Then, the profit percent = (1/150) x 100/(1/100)
= 100 x 100/150
= 10,000/150
= 200/3 %
Then, the gain percentage will be 200/3%.

Hence, the answer is (3) 200/3%.

Anurag Mishra Professor Answered on 31st August 2015.
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