The cost of 12 pens is equal to the selling price of 15 pens find the loss percent
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Answer:
20percent
3/15×100=20
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Let, Cost Price = x
Selling Price = Y
Then, 12x = 15y
Let Cost price (x) of 1 pen =Rs. 1
Then, cost price of 12 pens = Rs. 12
i.e. 12=15y => y = 12/15
=> 0.8 i.e. Cost price (x) = 1 ,
and selling price (y) = 0.8
As cost price is greater then selling price,
hence there is loss.
Loss = Cost price - selling price => 1 - 0.8 = 0.2
Percentage loss =20%
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