Knowee
Questions
Features
Study Tools

swerA trader purchases several articles at the rate of 13 for Rs.10 and sells them at the rate of 10 for Rs.13. What is his gain/loss?

Question

A trader purchases several articles at the rate of 13 for Rs.10 and sells them at the rate of 10 for Rs.13. What is his gain/loss?

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we need to first determine the cost price (CP) and the selling price (SP) of a single article.

Step 1: Determine the Cost Price (CP) of a single article The trader purchases 13 articles for Rs.10. Therefore, the cost price of a single article would be Rs.10/13.

Step 2: Determine the Selling Price (SP) of a single article The trader sells 10 articles for Rs.13. Therefore, the selling price of a single article would be Rs.13/10.

Step 3: Compare the CP and SP to determine the gain or loss If the SP is greater than the CP, the trader makes a gain. If the SP is less than the CP, the trader incurs a loss.

In this case, the SP (Rs.13/10 = Rs.1.3) is greater than the CP (Rs.10/13 = Rs.0.77 approximately). Therefore, the trader makes a gain.

Step 4: Calculate the gain The gain is calculated as the difference between the SP and the CP. Therefore, the gain per article is Rs.1.3 - Rs.0.77 = Rs.0.53 approximately.

So, the trader makes a gain of Rs.0.53 per article.

This problem has been solved

Similar Questions

A merchant marks his goods at Rs. 600 and allows a discount of 25%. If he still gains 11.11%, then the cost price of the article is:

If an object is bought for Rs 90 and then sold at a loss of 15%, how much was it sold for

Find the percentage gain or loss when the dot pens bought for Rs. 96 per dozen were sold atthe rate of 10 for Rs. 90?

the correct answerThe cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?

Mr. Thomas sold 20 articles for Rs.60 and thus, gained 25%. How many articles should he sell for Rs.90 so that he will incur a loss of 25%?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.