If by selling 110 mangoes, the C.P. of 120 mangoes is realised, the gain percent is
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
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A$9 \frac{1}{11}\%$
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B$9 \frac{1}{9}\%$
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C$10 \frac{10}{11}\%$
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D$11 \frac{1}{9}\%$
Answer
Correct Answer: $9 \frac{1}{11}\%$
Explanation
### Concept & Formula
When the cost price of $a$ articles is recovered by selling $b$ articles, the profit or loss depends on the difference between the quantities.
$$ \text{Gain \%} = \frac{\text{Goods Left}}{\text{Goods Sold}} \times 100 = \frac{a - b}{b} \times 100 $$
### Step-by-Step Solution
1. Let the Cost Price (CP) of 1 mango be $1.
2. The CP of 120 mangoes is $120.
3. The Selling Price (SP) of 110 mangoes equals the CP of 120 mangoes, which is $120.
4. The CP of the 110 mangoes actually sold is $110.
5. Gain = SP of 110 mangoes - CP of 110 mangoes = $120 - $110 = $10.
6. Gain % = $(\text{Gain} / \text{CP}) \times 100 = (10 / 110) \times 100 = \frac{100}{11}\%$.
7. Convert to a mixed fraction: $9 \frac{1}{11}\%$.
### Exam Strategy & Shortcut
Use the direct quantity formula: $\text{Gain \%} = \frac{120 - 110}{110} \times 100 = \frac{10}{110} \times 100 = 9 \frac{1}{11}\%$.
### Common Pitfall
A common error is dividing the difference (10) by the total quantity (120) instead of the quantity sold (110). Profit is realized on the items actually sold.
### Final Answer
Therefore, the correct answer is **$9 \frac{1}{11}\%$**.