the cost price of 50 articles is equal to the selling price of 20 articles. find the loss or gain persentage
Answers
Answer:
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Answer:
Step-by-step explanation:
I could not really understand what you meant with cost price but I guess it is the price they are bought for. If so, the person would spend lets say 100x amount of money to buy 50 articles. And would get 100x again for selling 20 articles. If he buys 50 articles for 100x, one article would cost 2x. If he sells 20 articles for 100x, he would sell each one for 5x. That would be a profit of 3x for every article sold. If he sells each article he has bougt, he would earn 250x. To find the persentage you need to check how much 250/100 is. It equals to +2,5 which is the gain persentage. So the gain persentage would be %2,5.
Note: I am not really sure if I understood the question correct so I am sorry, if I answered wrong.