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26 Nov 2018, 02:13
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
64% (01:08) correct
36%
(01:18)
wrong
based on 222
sessions
History
Date
Time
Result
Not Attempted Yet
The cost price of 10 articles is equal to the selling price of 8 articles. The gain or loss percent is :
(A) Loss 25%
(B) Loss 20%
(C) Gain 20%
(D) Gain 25%
(E) Gain 30%
(A) Loss 25%
(B) Loss 20%
(C) Gain 20%
(D) Gain 25%
(E) Gain 30%
If 8 articles were sold at the cost price of 10 articles, find gain or loss percent.
vaibhav1221
Joined: 19 Nov 2017
Last visit: 24 Jul 2025
Posts: 292
Given Kudos: 50
Location: India
Schools: IIMA '25 (A) Columbia CBS'26 (D) Fuqua '26 (D) ISB '25 (WL) Darden '26 (D) Kenan-Flagler '26 (WL)
GMAT 1: 710 Q49 V38
GPA: 3.25
WE:Account Management (Advertising and PR)
Schools: IIMA '25 (A) Columbia CBS'26 (D) Fuqua '26 (D) ISB '25 (WL) Darden '26 (D) Kenan-Flagler '26 (WL)
GMAT 1: 710 Q49 V38
Posts: 292
26 Nov 2018, 02:20
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Bunuel
Let the cost price per article be \(x\)
Let the selling price per article be \(y\)
Assume \(10x = 8y = 100\)
\(10x = 100\)
\(x = 10\)
\(8y = 100\)
\(y = 12.5\)
\(10 → 12.5\)
\(25\)% Gain
Hence, D.
26 Nov 2018, 03:57
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I solved in the following way
(10) C.P. = (8) S.P. .......(I)
or \(\frac{S.P}{C.P}\) = \(\frac{10}{8}\) ........(II)
clearly from 1 we have S.P. for 10 items will be more than C.P for 10 items hence there will be gain.
Gain % = \(\frac{(SP-CP)}{CP}\) * 100
or = \((\frac{SP}{CP} -1)\) *100
from equation (II) we have
= \((\frac{10}{8}-1)\)*100
= 25%
OPTION D is correct choice
(10) C.P. = (8) S.P. .......(I)
or \(\frac{S.P}{C.P}\) = \(\frac{10}{8}\) ........(II)
clearly from 1 we have S.P. for 10 items will be more than C.P for 10 items hence there will be gain.
Gain % = \(\frac{(SP-CP)}{CP}\) * 100
or = \((\frac{SP}{CP} -1)\) *100
from equation (II) we have
= \((\frac{10}{8}-1)\)*100
= 25%
OPTION D is correct choice
