If the cost price of 15 pens is equal to the selling price of 20 pens, find the gain or loss per cent
Answers
Answered by
20
Step by step explanation:
Let the CP of each pen be ₹ 1
CP of 20 pens = ₹20
SP of 20 pens = CP of 15 pens = ₹15
Thus, CP= ₹20 and SP = ₹15
☞loss= (CP) -- (SP) = ₹(20--15) = ₹5
☞loss% = (loss/CP × 100)%
= (5/20×100)% = 25%
Hence, loss% = 25%
Similar questions