Question

the cost price of 16 articles is equal to selling price of 12 articles find the gain or loss percent

Answer 1

its gain and is equal to the costprice of 4articles

Answer 2

$33\frac{1}{3}$% is the gain percent.

Step-by-step explanation:

Given that,

Cost price of 16 articles = Selling price of 12 articles

Let S.P. of 1 article be = Rs. y

then, S.P. of 12 articles would be = Rs. 12y

As we know,

C.P. of 16 articles = S.P. of 12 articles

C.P. of 16 articles = 12y Rs.

S.P. of 16 articles = 16y Rs.

It shows that,

SP > CP      (∵ profit)

To calculate

Profit = S.P. − C.P.

= 16y − 12xy

= 4y

Profit % = (profit/C.P.) * 100

= (4y/12y) * 100

= $33\frac{1}{3}$ %

Learn more: gain percent

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