If the cost price of 15 pens is equal to the selling price of 20pens ,find the gain or loss percent.
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Answer:-
• Loss % = 25 %
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• Given:-
Cost Price [C.P] of 15 pens = Selling Price [S.P] of 20 pens.
• To Find:-
Gain or loss percent [%] =
• Solution:-
Let the Cost Price of 1 pen =
Cost Price of 20 pens =
Selling Price of 20 pens = Cost Price of 15 pens
S.P of 20 pens = 15x
Here, Cost Price of 15 pens is equal to the Selling Price of 20 pens.
Therefore,
It is a loss.
We know,
→ Loss =
→ Loss =
Also,
→ Loss % =
→ Loss % =
It is a loss and the Loss % is
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• Some Formulas Related to Profit and Loss:-
→ Gain % = (Gain / CP) * 100
→ Loss % = (Loss / CP) * 100
→ SP = [(100 + Gain%) / 100] * CP
→ SP = [(100 – Loss %) / 100]*CP
→ CP = [100 / (100 + Gain%)] * SP
→ CP = [100 / (100 – Loss%)] * SP
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