Question

If the CP of 20 articles is equal to the SP of 12 articles. Find the gain percent or loss percent​

Answer 1

Answers

Profit %= 66 67%

Step-by-step explanation:

Let selling price of 1 article is x and cost price is y

20y=12x

5y=3x

x=5y/3

Profit = SP-CP. =x-y = 5y/3-y =2y/3

So Profit %=( 2y/3*100)/y = 66.67%