Question

The cost price of 16 articles is same as the S.P of 18 articles. Find the
loss or gain as percentage.

Answer 1

Answer:

Let the cost of each article be Rs1

C. P of 16 articles =Rs 16 = S. P of 18 articles (given)

C. P of 18 articles = Rs 18

C. P> S. P

LOSS =C. P - S. P

=Rs (18-16)=Rs 2

Loss % =2/18 *100 %=100/9%=11.1%