By selling 60 article a vendor makes a profit equal to the selling price of 15 articles find his gain percent
Answers
cp of 60 a = sp of 15a cp of 60a = 15x now cp of 60a is 15x sp of 60a is 60x since sp>cp therefore profit profit=sp-cp= 60x-15×=45x profit%=profit/cp×100 =45/15×100=300
His gain percent is 60%.
Step-by-step explanation:
Since we have given that
Number of articles he sold = 60
He get a profit equal to the selling price of 15 articles.
So, it becomes,
So, ratio of SP to CP would be 8:11.
So, SP be 8x
CP be 5x.
So, Profit would be
SP - CP = 8x-5x=3x
So, Profit percentage would be
Hence, his gain percent is 60%.
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By selling 60 articles a vendor gains the selling price of 15 articles.find his gain percentage
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