the selling price of 15 articles is equal to the cost price of 12 articles find the gain or loss percent
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Answered by
128
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Let the cost price of 1 article = x
Find the cost price of the 15 articles:
15 articles = 15x
Find the selling price of the 15 articles:
15 articles = 12x
Find the profit/loss:
Since the selling price is less than the cost price
⇒ It is a loss
Loss = 15x - 12x = 3x
Find the loss percentage:
Loss percentage = 3x/15x x 100 = 20%
Answer: He made a loss of 20%
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Answered by
45
Hello!!!!
Here is your answer!!!....
Solution. -
S.P. of 15 articles =C. P. of 12.articles - - -(1.)
Let the cost of 1 article =x
From 1 St equation we clearly know that it is case of loss {C. P. >S. P.}
LOSS =15x - 12x = 3x
Loss percentage formula
So,
Loss percentage =20%
____________________________________
*hope it helps you *
Here is your answer!!!....
Solution. -
S.P. of 15 articles =C. P. of 12.articles - - -(1.)
Let the cost of 1 article =x
From 1 St equation we clearly know that it is case of loss {C. P. >S. P.}
LOSS =15x - 12x = 3x
Loss percentage formula
So,
Loss percentage =20%
____________________________________
*hope it helps you *
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