the cost of the cost price of a 16 articles is equal to the selling price of 12 of them find the gain or loss percent
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Answer:
Profit %= 33 1/3%
Step-by-step explanation:
Cost= x
So, cost price of 1 article=x/16
Sell price of one article=x/12
Therefore, profit= x/12-x/16= (4x-3x)/48= x/48
Therefore, profit %= (Profit/Cost Price)×100
= {(x/48)/(x/16)}×100= (x/48×16/x)/100 {x gets cancelled out and 48 is divisible by 16 by 3}
Therefore, Profit %= 100/3= 33 1/3%
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