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Karan bought 10 mobiles for Rs. 1,00,000 and sold 8 for Rs. 1,00,000. Calculate his gain percent.
1. 15%
2. 20%
3. 35%
4. 25%

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Correct Answer - Option 4 : 25%

Given

Cost price of 10 mobiles = Selling price of 8 mobiles

Formula used

Gain % = (Gain/Cost price) × 100

Calculation

Cost price of 10 mobiles = Rs. 1,00,000

Cost price of 1 mobile = Rs. 10,000

Selling Price of 8 mobiles = Rs. 1,00,000

Selling price of 1 mobile = Rs. 12,500

Profit on 1 mobile = Rs. 12,500 - Rs. 10,000

⇒ Rs. 2,500

Profit % = (2500/10,000) × 100

⇒ 25%

∴ Gain percent is 25%

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