the cost price of 20 articles is the same as selling price of 16 articles find the profit percent
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Step-by-step explanation:
let the cost price of 1 article be Rs.1
then cost of 20 articles RS. 20
Cp= 20
let SP of 1 article = Rs.20
then 16 articles will be 16 rupees
according to shopkeeper
s p = 20 and cp = 16
here SP is greater than CP
Then gain = 20 - 16 = 4
gain percent = gain/cp*100
4/16*100
25%
so, gain percent will be equals 25%
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