Pack-rate twist — buy 11 for ₹10, sell 10 for ₹11 A person buys 11 identical articles for ₹10 and sells them at a rate of 10 articles for ₹11. What is his gain percentage?
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A22%
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B20%
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C1%
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D21%
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E19%
Answer
Correct Answer: 21%
Explanation
Introduction / Context:This is another “x for ₹y” conversion problem. Converting both purchase and selling packs to per-unit prices allows a straightforward profit percentage calculation on cost.
Given Data / Assumptions:
- Buy 11 for ₹10 ⇒ CP per unit.
- Sell 10 for ₹11 ⇒ SP per unit.
- Uniform quality, identical articles.
Concept / Approach:Compute CP per unit and SP per unit, then calculate gain% = (SP − CP)/CP * 100.
Step-by-Step Solution:CP per article = 10/11.SP per article = 11/10.Gain% = ((11/10 − 10/11) / (10/11)) * 100.Compute: (121 − 100)/110 * 11/10 * 100 = (21/110) * (11/10) * 100 = 21%.
Verification / Alternative check:Numerical check: CP ≈ ₹0.9091, SP = ₹1.10, margin ≈ ₹0.1909; 0.1909 / 0.9091 ≈ 0.21 = 21%.
Why Other Options Are Wrong:20% and 22% are near but not exact; 19% and 1% are incorrect by larger margins.
Common Pitfalls:Forgetting that profit percentage is on CP, not on SP, and attempting to average the pack rates directly.
Final Answer:21%