Question

An article bought at Rs 45/- per dozen and sold at Rs 85/- per score.then what is the gain or loss per cent?

Answer 1

Find the cost price:

12 articles = Rs 45

1 article = 45 ÷ 12 = Rs 3.75

Find the selling Price:

20 articles = Rs 85

1 article = 85 ÷ 20 = Rs 4.25

Find the profit or loss:

Selling Price > Cost Price ⇒ Profit

Profit = Selling Price - Cost Price

Profit = 4.25 - 3.75 = Rs 0.50

Find the gain percentage:

Gain percentage = Profit / cost price x 100

Gain Percentage = 0.50 / 3.75 x 100 = 13.3%

Answer: The gain is 13.3%