Question

A man sells 5 articles for ` 15 and makes a profit of 20%. find his gain or loss percent if he sells 8 such articles for ` 18.40.

Answer 1

Hi there,

Given Data :

S.P. = 15 for 5 articles

Profit = 20%

So,

C.P. = (100 - 20)% of 15

= 80% of 15

= (80/100) * 15

C.P. = 12 for 5 articles

CP for 8 articles

CP = (8*12)/5

CP = 96/5

CP = 19.20

So Loss = 19.20 - 18.40

= 0.80

Loss % = ( 100 × 0.80) / 19.20

Loss % = 4.16%

So Loss is 4.16 %.

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