the cost price of 24 articles is the selling price of 15 articles find the gain percentage
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Define x:
Let the cost price of 1 article be x
⇒ The cost price of 24 articles = 24x
Find the selling price of 1 article
15 articles = 24x
1 article = 24 ÷ 15 = 1.6x
Find the gain:
Gain = Selling Price - Cost Price
Gain = 1.6x - x = 0.6x
Find the gain percentage:
Gain Percentage = (Gain / Cost Price) x 100
Gain Percentage = (0.6x / x ) x 100
Gain Percentage = 0.6 x 100 = 60%
Answer: The gain is 60%
manish8091:
what formula you use for gain percentage
gain ÷ cost price x 100
where is the cost price
first line- Let the cost price of 1 article be x
I have added in the more statements to make it clearly. I hope it helps. Apology for the confusion.
Thank you
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