Question

selling price of 4 articles is equal to the cost price of 5 articles. find the profit or loss percent

Answer 1

Express on Selling Price (SP) in term of Cost Price (CP):

4 SP = 5 CP

1 SP = 5/4 = 1.25 CP

Define x:

Let the cost price of 1 article be x

CP = x

SP = 1.25x

Find the profit/loss:

1.25x > x

⇒ SP > CP

⇒ It is a profit

Profit = 1.25x - x = 0.25x

Find the profit percentage:

profit = (0.25x/x )(100)

Profit = 25%

Answer: There is a 25% profit.

Answer 2

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