Question

Please someone answered in details.. Find the percentage loss or gain if a cycle are sold in such a way that the selling price of 12 cycles is equal to the cost price of 15cycles.

Answer 1

Hola ! Your answer follows :

Given condition : The SP of 12 cycles = CP of 15 cycles

Let the CP of each be rs x

CP of 12 cycles = rs 12x .Then,

SP of 12 cycles = CP of 15 cycles = rs 15x

Here,S.P > CP , so its a gain .

Gain = SP - CP = 15x-12x = rs 3x

Now,gain percent = Gain/CP * 100 = 3x/12x*100 = 25%

Answer : Hence, there is a gain of 25%.