Question

if the cp of 10 article is equal to the sp of 12 article. find the gain or loss %

Answer 1

let the cp be x
cp of 10 articles=sp of 12 articles=10x
cp of 12 articles=12x
cp=12x
sp=10x
cp is greater than sp therefore there is loss
loss=cp-sp=12x-10x=2x
loss percent=2x ÷10x ×100=20 percent
there will be a loss of 20 percent

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