the cost price of 16 articles is equal to selling prices of 12 of them find the gain or loss percent
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Answer:
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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
= %
Learn more: gain percent
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