Correct option is A
Given Data:
· Number of items sold = 22
· Gain = Selling price of 6 items
Formulas Used:
· Let the cost price of one item = CP
· Selling price of one item = SP
· Total cost price = 22×CP
· Total selling price = 22×SP
· Gain = Total selling price - Total cost price
· Gain percentage = ( )×100
Solution:
Calculate total selling price and gain:
Gain =6×SP
Using the relationship:
Total Selling Price =22×SP
Express total cost price:
Total Cost Price =22×CP
Set up the gain equation:
6×SP=22×SP-22×CP
Rearranging gives:
22×CP=22×SP-6×SP
22×CP=16×SP
Calculate gain per item:
Gain per item = SP-CP=
Gain percentage:
Gain Percentage =
Answer: (a) 37 %