By selling 28 articles a man losses the cost price of 4 articles, then what is the loss %
Answers
Given that,
By selling 28 articles, a man losses the cost price of 4 articles.
So, it means
Loss = Cost Price of 4 articles. -----[ 1 ]
Also, we know that
Loss = Cost Price of 28 articles - Selling Price of 28 articles. -------[ 2 ]
So, from equation (1) and (2), we concluded that
Cost Price of 4 articles = Cost Price of 28 articles - Selling Price of 28 articles.
It means,
Cost Price of 4 articles - Cost Price of 28 articles = - Selling Price of 28 articles.
- Cost Price of 24 articles = - Selling Price of 28 articles
Cost Price of 24 articles = Selling Price of 28 articles.
Let assume that
Cost Price of 1 article = Rs x
Cost Price of 24 articles = Rs 24x
Cost Price of 28 articles = Rs 28x
So, we have
Selling Price of 28 articles = 24x
Cost Price of 28 articles = 28x
Loss = 28x - 24x = 4x
We know,
So, on substituting the values, we get
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