He c.P of 15 books is equal to the s.P of 18 books. Find his gain% or loss%?
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Solution:
Since CP of 15 books = SP of 18 books
Let us assume that the cost of 1 book is ₹1
Therefore, cost of 18 books is ₹18, but he sold at ₹15
Therefore, Loss = 18-15 = ₹3
& Loss% = (3/18)*100 = 16.67%
Hence, Loss is 16.67%
Since CP of 15 books = SP of 18 books
Let us assume that the cost of 1 book is ₹1
Therefore, cost of 18 books is ₹18, but he sold at ₹15
Therefore, Loss = 18-15 = ₹3
& Loss% = (3/18)*100 = 16.67%
Hence, Loss is 16.67%
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