the cost of 20 articles is same as selling price of 16 articles find gain percent
Answers
Answered by
0
Let the cost price of 1 article be $1.
Therefore, cost price of 20 articles = 20 * 1 = $20
The selling price of 25 articles = cost price of 20 articles = $20.
Now, we know the selling price of 25 articles. Let us find the cost price of 25 articles.
Cost price of 25 articles = 25 * 1 = $25.
Therefore, profit made on sale of 25 articles = Selling price of 25 articles - cost price of 25 articles
= 20 - 25 = -$5.
As the profit is in the negative, the merchant has made a loss of $5.
Therefore, % loss = loss/cp * 100
% loss = -5/25 * 100 = 20% loss.
Therefore, cost price of 20 articles = 20 * 1 = $20
The selling price of 25 articles = cost price of 20 articles = $20.
Now, we know the selling price of 25 articles. Let us find the cost price of 25 articles.
Cost price of 25 articles = 25 * 1 = $25.
Therefore, profit made on sale of 25 articles = Selling price of 25 articles - cost price of 25 articles
= 20 - 25 = -$5.
As the profit is in the negative, the merchant has made a loss of $5.
Therefore, % loss = loss/cp * 100
% loss = -5/25 * 100 = 20% loss.
Similar questions