the cost price of 30 articles is equal to the selling price of 20 articles find the loss or gain percentage
Answers
Step-by-step explanation:
let cost of 30 articles be x
cost price of 1 article =x/30
sp of 20 articles=x
sp of 1 article=x/20
profit=sp-cp
=x/20-x/30
=(3x-2x)/60
=x/60
profit %=profit/cp*100
=x/60÷x/30 ×100
=x/2 * 100
=50%
The gain percentage = 50%
Given :
The cost price of 30 articles is equal to the selling price of 20 articles
To find :
The loss or gain percentage
Solution :
Step 1 of 3 :
Write down Cost price and Selling price
Here it is given that cost price of 30 articles is equal to the selling price of 20 articles
Price of 1 article = Rs. x
Then we have ,
Total cost price = Rs. 20x
Total Selling price = Rs. 30x
Step 2 of 3 :
Calculate loss or gain amount
Now 30x > 20x
∴ Selling price > Cost price
So there is gain
Gain amount
= Rs. 30x - Rs. 20x
= Rs. 10x
Step 3 of 3 :
Calculate gain percentage
Hence the required gain percentage
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