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      Question

      A man finds that the cost price of 4950 articles is same

      as the selling price of 4500 articles. Find his profit/loss%?
      A Profit, 10% Correct Answer Incorrect Answer
      B Loss, 10% Correct Answer Incorrect Answer
      C Profit, 25% Correct Answer Incorrect Answer
      D Loss, 25% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Cost price × 4950 = Selling Price × 4500 (Cost Price )/(Selling Price )=  4500/4950  (Cost Price )/(Selling Price )=  10/11  Let Cost price of an article be 10x, and the selling price of the article be 11x Then Profit = x Profit % = x/10x  ×100 = 10%.

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