Question

The C. P of 10 article is equal to the S. P of 8. Find the profit or loss percent

Answer 1

C. P of 10 article = S. P of 8 articles = Rs x.
Therefore, C. P of 1 article = x/10
And, S. P of 1 article =x/8
Since, S. P > C. P
Therefore, gain = x/8 - x/10
= x/40
Therefore, the gain percent = x/40 ÷ x/10 × 100
= 25% (Answer)