if CP of 12 articles is equal to SP of 15 articles then find gain or loss percent
Answers
Let the cost price of 1 article = x
Find the cost price of the 15 articles:
15 articles = 15x
Find the selling price of the
15 articles:
15 articles = 12x
Find the profit/loss:
Since the selling price is less than the cost price
⇒ It is a loss
Loss = 15x - 12x = 3x
Find the loss percentage:
Loss percentage = 3x/15x x 100 = 20%
Answer: He made a loss of 20%
Answer:
20 %
Step-by-step explanation:
let the CP of 1 article be x,
then CP of 12 articles be 12x
now by selling the 15 articles we get the CP of only 12 articles
so the CP of 15 articles will be 15x
now, CP = 15x for 15 articles
SP = 12x for 15 articles
loss = CP - SP
= 15x - 12x = 3x
now,
loss % = loss / CP * 100
= 3x / 15x * 100
= 1 / 5 * 100
loss % = 20 %
Answer