Question

CP of 8 articles is equal to SP of 10 articles. Find profit or loss percentage. *

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Answer 1

Answer:

20% is the loss

Explanation:

Let CP of 1 article = x

CP of 8 articles = 8x

Given that : CP of 8 articles = SP of 10 articles

SP of 10 articles = 8x

SP of 1 articles = 8x/10

CP > SP, so there's a loss

Loss = CP - SP

Loss = x - ( 8x/10 )

Loss = 10x/10 - 8x/10

Loss = (10x - 8x)/10

Loss = 2x/10

Loss = x/5

Loss% = loss/CP × 100

Loss% = x/ (5 × x ) × 100

Loss% = 1/5 × 100

Loss% = 20

There is a loss of 20%.