Find the profit per cent or loss per cent made in each of the following cases, when the S.P. of 20 identical articles is equal to the C.P. of 15 articles.
Profit =12%
Profit =30%
Loss =30%
Loss =25%
A
Profit =12%
B
Loss =25%
C
Profit =30%
D
Loss =30%
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Solution
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Let Cost price of 1 article =Rsx => And Cost price of 20 articles =Rs20x
Given, Selling price of 20 articles =
Cost price of 15 articles =Rs15x
Since, S.P.<C.P., there is a loss. Now, Loss % =C.P.−S.P.C.P.×100=20x−15x20x×100=520×100=25 %
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