4. If the selling price of 20 articles is equal to the cost price of 15 articles, then what is the loss percento
on selling 1 dozen pens. What is his gain percentage.
please explain clearly.
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Answer:
Let the cost price of each one be ₹x and the selling price of each pen is y.
Cost price of 15 pen = 15 × x = 15x
Selling price of 20 pen = 20 × y = 20y
As per statement :
15x = 20y
y = 15x/20
y = 3/4×
y = 0.75x
Loss percentage = (Cost price - sale price)/Cost price ×100
Loss % = (x - 0.75x)/x ×100
Loss % = 0.25x/x × 100
Loss % = 0.25 × 100
Loss % = 25%
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