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A man bought some toys at the rate of 10 for Rs. 40 and sold them at 8 for Rs. 35. Find his gain or loss percent.

9.400%
9%
9.375%
10%
Explanation:
Cost price of 10 toys = Rs. 40 → CP of 1 toy = Rs. 4.
Selling price of 8 toys = Rs. 35 → SP of 1 toy = Rs. 35/8
Therefore, Gain = 35/8 – 4 = 3/8.
Gain percent = (3/8)/4 * 100 = 9.375%
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