By selling 5 articles ,a man gains the cost price of 1 article . Find gain percentage .
Answers
Step-by-step explanation:
Let the CP of 1 article be=x
CO of 5 articles =5x
gain=x
gain% = x/5x ×100= 20%
By selling 5 articles, a man gains the cost price of 1 article. Then the Gain percentage is 20%
Solution:
Given that by selling 5 articles, a man gains the cost price of 1 article
To find: Gain percentage
Let the Cost price of an article be Re 1.
Thus cost price of 5 articles = Rs 5
Profit = Selling price of 5 articles - Cost price of 5 article
Given,
Profit is Cost price of 1 article. Thus
Cost price of 1 article = selling price of 5 articles - cost price of 5 articles
Cost price of 6 articles = Selling price of 5 articles.
6 = selling price of 5 articles [ since cost price of per article is Re1]
Thus the gain percentage is 20%
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