if CP of 25 articles is equal to the speed of 20 articles and find the gain percentage
Answers
Step-by-step explanation:
If the cost price of 20 articles is equal to the selling price of 25 articles, what is the percentage profit or loss made by merchant?
Let the sale price of each article be $10
Thus the sale price of 25 articles will be $250.
As per statement the cost price of 20 articles is same as sale price of 25 articles.
Thus, the cost Price of 20 articles is $250
Cost price of each article = $250/20 = $12.50
Loss = cost price - selling price
Loss on selling the article is $12.50 –$10.0 = $2.50
Loss% = loss/cost price × 100
Percentage loss= $2.50/$12.50 × 100 = 20%
The loss on selling the article is 20%
Answer: The percentage loss on selling the article is 20%
Answer:
gain percent = profit/CP × 100
profit = CP - SP
profit = 25 - 20 = 5
gain percent = 5/25 × 100
gain % = 20%