Question

If the seedling price of 20 articles is equal to the cost price of 23 articles, find the loss or gain percentage
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Answer 1

Answer:

15%

Step-by-step explanation:

Let the CP of 1 article be ₹ x

then CP of 23 article = 23x

also CP of 20 article = 20x

since , SP of 20 article = CP of 23 article

therefore ,SP of 20 article = 23x

from above , we get

CP of 20 article = 20x

and SP of 20 article = 23x

since , SP > CP

therefore gain = (SP - CP) = (23x - 20x) = 3x

now gain% = (gain / CP ) ×100

= [( 3X / 20x ) × 100 ] %

= [3 / 20 × 100 ] %

= 15 %