the cost price of 16 article is equal to the selling price of 12 articles find the gain percent please give full ans
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CP of 16 articles = SP of 12 articles
Let SP of 1 article is x
SP of 12 articles = 12x
Given :
the cost price of 16 article is equal to the selling price of 12 articles
CP of 16 articles = SP of 12 articles
CP of 16 articles = 12x
SP of 16 articles = 16x
Finding profit :-
SP is greater than CP. Hence, profit occurred.
Profit = SP - CP
Profit = 16x - 12x = 4x
Finding profit percentage :-
Profit Percent = (profit/CP) x 100
4 and 12 are cancelled as
4 x 1 = 4
4 x 3 = 12
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