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A merchant finds that the CP of 2750 coconuts to be the same as the selling price of 2500 coconuts. Find the percent gain or loss.
  • a)
    5% loss                    
  • b)
    10% gain
  • c)
    15% loss                  
  • d)
    20% gain
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A merchant finds that the CP of 2750 coconuts to be the same as the se...
The correct option is B.
According to the question,
2750 Cost Price = 2500 Selling Price
 CP/SP=2500/2750=10/11=1 unit profit
Profit%=110×100
=10% gain
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Most Upvoted Answer
A merchant finds that the CP of 2750 coconuts to be the same as the se...
CP×2750 = SP×2500
CP 10
-- = ---
SP 11



CP SP Profit
10 11 1




profit = 1 × 100
--
10

= 10 percent.
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Community Answer
A merchant finds that the CP of 2750 coconuts to be the same as the se...
The correct option is B.
According to the question,
2750 Cost Price = 2500 Selling Price
 CP/SP=2500/2750=10/11=1 unit profit
Profit%=110×100
=10% gain
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Question Description
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