If the CP of 15 article is equal to the SP of 20 articles ,find the loss per cent
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Answer:
Let the Cost price of 15 articles be Rs.100
So , the Selling price of 20 articles = Rs.100
So ,
C.P of 1 article =20/3
and ,
'S. P of 1 article = Rs5
So SP < CP = Loss
CP - SP= 1.66...
Loss percentage = (Loss × 100) ÷ CP
= (1.66 × 100) ÷ 20/3
= 166 ÷ 6.66.....
=1106.667
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