cost price of 45 articles is equal to the cost price of 40 articles . find the gain or loss percent
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Answer:
Let C.P of one article =1 Rs.
Then C.P of 40 article=40 Rs.
According to the question
S.P of 50 article =C.P of 40 article=40 Rs.
We assume that C.P of one article =1Rs.
then C.P of 50 article=50 Rs.
Loss=50-40=10 Rs.
Loss %=
50
10
×100=20%
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