What is the profit % if the cost price of 16 bolts is equal to the selling price of 12 bolts?
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Explanation:
Let the C.P. of 1 pen =Re. 1
∴ C.P of 12 pens=Rs. 12×1
=Rs. 12
Hence, given
C.P. of 12 pens = S.P of 16 pens
∴ S.P of 16 pens=Rs. 12
∴ C.P of 16 pens=Rs. 16
∴ Loss=C.P−S.P
=16−12
=4 Rs.
Loss %=
C.P
Loss
×100
=
16
4
×100
=25%.
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