If the cost of 20 apples is equal to the selling price of 16 apples. find the gain percentage
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Answer:
Let the cost price of 10 apples be ₹ x
Then, selling price of 12 apples ( SP) = ₹ x (given)
Cost price of 12 apples (CP)= x * 12 / 10 = 1.2 x
% Loss =
(CP of 12 apples - SP of 12 apples) * 100 / CP of 12 apples.
So, % loss = (1.2 x - x ) * 100 / 1.2 x
= 0.2 x * 100 / 1.2 x = 20 / 1.2 = 16.67 %
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