The cost price of 16 articles is equal to selling price of 12 of them. Find the gain or loss percent?
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Cp of 16 articles =SP of 12 articles
Assume 16 articles = 100%
Where 12 articles = 12x100/16=75%
The remaining 4 articles shows 25%
Always as rule
Selling price (100%)= cost price + profit
Therefore, here ,
Cp is 75 as calculated above
And gain is 25%
Assume 16 articles = 100%
Where 12 articles = 12x100/16=75%
The remaining 4 articles shows 25%
Always as rule
Selling price (100%)= cost price + profit
Therefore, here ,
Cp is 75 as calculated above
And gain is 25%
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