Question

the cost price of 10 articled is equal to the selling price of 8, find the profit or loss per cent

Answer 1

Solutions :-


Given :

Cost Price of 10 articles is equal to the Selling Price of 8 articles.


Find the LCM of 10 and 8 :-

LCM of 10 and 8 = 40


Therefore,
Cost Price of 10 articles = Rs 40
Cost Price of 1 article = Rs 40/10 = Rs 4

Selling Price of 8 articles = Rs 40
Selling Price of 1 article = Rs 40/8 = Rs 5


Selling price is greater than the Cost price. Therefore, Profit.

Profit = S.P - C.P
= Rs (5 - 4)
= Rs 1

Profit % = (Profit × 100)/C.P %
= (1 × 100)/4 %
= 100/4 %
= 25 %


Hence,
Profit percent = 25%