Question

The cost price of 16 articles is equal ro the selling price of 12 articles. The gain or lose percent in the transaction is

Answer 1

Step-by-step explanation:

CP of 16 articles=Sp of 12 articles

Let the CP of one article= Rs.1

CP of 16 articles=Rs.16

CP of 16 articles=SP of 12 articles=Rs.12

Thus,CP =16 and SP =12

CP>SP,Loss

Loss=CP-SP=16-12=4

Loss%=Loss×100/16

=4×100/16

=25%

Hence, there is a loss of 25% in the transaction