Question

A man buys a certain number of articles at 15 for Rs 112.50 and sells them at 12 Rs for 108. find 1) his gain or loss% 2) the number of articles sold to make a profit of Rs 75.

Answer 1

Answer:

CP per article = 112.50/15 = Rs7.50 per article

SP per article = 108/12 = Rs 9 per article

Gain = 9-7.5 = Rs 1.5/ article

Gain% = (1.5/7.5)*100 = 20%

Total profit = Rs75

Profit per article = Rs 1.5

No of articles sold = 75/1.5 = 50 articles