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    An article is sold at a certain price. By selling it at 5/7th of that price on loss 20%. Find the gain percentage at the original sold price.
    Question

    An article is sold at a certain price. By selling it at 5/7th of that price on loss 20%. Find the gain percentage at the original sold price.

    A.

    20%        

    B.

    12%

    C.

    15.6%

    D.

    18%

    Correct option is B

    Given:
    Let the original selling price be 'x'
    New selling price = (5/7)x
    Loss on new selling price = 20%

    Formula Used:
    Gain percentage=(GainCP)×100\text{Gain percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100

    ​Solution:
    ​If selling at (5/7)x results in a 20% loss, it means:​​
    57x=0.8×Cost Price\frac{5}{7}x = 0.8 \times \text{Cost Price}​​
    Cost Price=2528x\text{Cost Price} = \frac{25}{28}x
    Gain = Original Selling Price - Cost Price
    Gain=x2528x=328x\text{Gain} = x - \frac{25}{28}x = \frac{3}{28}x​​​
    Gain percentage=(GainCP)×100\text{Gain percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100​​
    Gain Percentage=(328x2528x)×100\text{Gain Percentage} = \left( \frac{\frac{3}{28}x}{\frac{25}{28}x} \right) \times 100​​
    Gain Percentage=(325)×100=12%\text{Gain Percentage} = \left( \frac{3}{25} \right) \times 100 = 12\%​​
    Hence, the gain percentage at the original selling price is 12%.

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