If the cost price of 16 items is equals to selling price of l2 items then find the profit or loss percentange
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If the cost price of 16 items is equal to the selling price of 12 items.
What is the percentage of profit or loss that the merchant makes?
Let the cost and selling prices of an item be CP and SP
respectively.⤵️⤵️
Profit/CP = 4/16 = 1/4 = 25%.
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