Question

The cost price of 16 articles is equal to selling price of 12 articles find the gain or loss percent.With all explanations

Answer 1

Step-by-step explanation:

Let CP of 1 chair be Re 1

CP of 12 Chairs = Rs 12

SP of 12 chairs = Rs 16

Profit = SP - CP = ₹16 - ₹12 = ₹4

Profit % = Profit/CP × 100% = 4/12 × 100% = 100/3 %

Answer 2

Answer:

$\frac{100}{3}$

hope it's helpful ☺️✔️