Question

the seling price of 8 article is equal to the cost price of 12 article. find the gain or loss per cent in the transition​

Answer 1

Let the SP of 8 articles = CP of 12 articles be Rs 1

Sp of 1 article =Rs ⅛

CP of 1 article =Rs¹/12

Gain = 1/8–1/12 =1/24

Gain %=1/24×100/1×12/1=50% Gain