if the cost price of12 pen is equal to the selling price of 15 pens find the gain or loss percentage
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Step-by-step explanation:
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Answer:
- loss % = 20%.
Step-by-step explanation:
Given:
- CP is 12 pen is equals to SP of 15 pens.
To Find:
- Gain or loss percentage.
Let CP of each pen be Rs. x.
⇒ CP of 15 pen = 15x
⇒ SP of 15 pens = CP of 12 pens = Rs. 12x
Here, CP > SP, it means loss,
⇒ Loss = CP - SP
⇒ Loss = 15x - 12x
⇒ Loss = 3x
Now, we will calculate loss %.
Hence, loss % = 20%.
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