Some articles are bought at 2 for ₹ 15 and sold at 3 for ₹ 25. Find the gain percentage.
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Step-by-step explanation:
Given that 2 are bought for ₹ 15 ∴ 2 x CP = 15 ⇒ CP = 15/2 Let selling price of one article be SP Given that 3 are sold for ₹ 25 ∴ 3 x CP = 25 ⇒ SP = 25/3 ∴ Gain = SP – CP = 25/3 – 15/2 = (50−45)/6 = 5/6 Read more on Sarthaks.com - https://www.sarthaks.com/987167/some-articles-are-bought-at-2-for-15-and-sold-at-3-for-25-find-the-gain-percentage
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Given :-
- Some articles are bought at 2 for ₹ 15 and sold at 3 for ₹ 25.
To Find :-
- Gain percentage
Solution :-
COST PRICE :
- 2 articles are bought for ₹ 15.
Which implies that,
Cost price of 1 article = ₹ 15/2 = ₹ 7.5
SELLING PRICE :
- 3 articles are sold for ₹ 25.
Which implies that,
Selling price of 1 article = ₹ 25/3 = ₹ 7.34
PROFIT/GAIN :
- PROFIT = SELLING PRICE - COST PRICE
Profit = ₹ 7.34 - 7.5
Profit = - ₹ 0.16
(Means loss)
PROFIT PERCENTAGE :
- PROFIT PERCENTAGE = PROFIT x 100
Profit Percentage = (-0.16) x 100
Profit Percentage = -16%
(Means 16% loss)
Final Answer :
- Loss 16% (or) Profit -16%
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