If by selling 105 balloons, the cost price of 120 balloons is realized. The gain % is?

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21 May 2019 Profit & Loss

If by selling 105 balloons, the cost price of 120 balloons is realized. The gain % is?

OPtion

1) 18.49%
2) 12.71%
3) 15.02%
4) 14.29%
5) 15.40%
6) 14.80%
7) 16.02%
8) 17.08%
9) 19.10%
10) None of these

Solution

Let the cost pice of one balloon be Rs. 1

Cost Price of 110 Balloons = 110 Rs.
Selling price of 110 Balloons = Cost price of 120 Balloons = 120

Profit % = (120-105)*100/105 = 1500/105 = 14.29%

Correct Option: 4 Best Solution (3)