if the cost price of 10 articles is equal to the selling price of 8 particles, fing gain or loss %
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Answer:
If 8 articles were sold at the cost price of 10 articles, find gain or loss percent. Hence, D. clearly from 1 we have S.P. for 10 items will be more than C.P for 10 items hence there will be gain
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Given
- CP of 10 articles = SP of 8 particles
To find
- Gain or Loss percent
Solution
☯ Let the cost price of each article be ₹ x
➔ According to the question,
- CP of 8 particles = ₹ 8x
- SP of 8 particles = CP of 10 particles = ₹ 10x
☯ Since, SP > CP, 10x > 8x, there is a gain
- Gain = SP - CP
- Gain = 10x - 8x
- Gain = 2x
- Gain % = Gain/CP × 100
- Gain % = 2x/8x × 100
- Gain % = ²⁄₈ × 100
- Gain % = 25
☯ ∴ There is a Gain of 25 %
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