If the seedling price of 20 articles is equal to the cost price of 23 articles, find the loss or gain percentage ​

Question

If the seedling price of 20 articles is equal to the cost price of 23 articles, find the loss or gain percentage

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Abigail 1 month 2021-08-19T07:32:08+00:00 1 Answer 0 views 0

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    2021-08-19T07:33:42+00:00

    Answer:

    15%

    Step-by-step explanation:

    Let the CP of 1 article be ₹ x

    then CP of 23 article = 23x

    also CP of 20 article = 20x

    since , SP of 20 article = CP of 23 article

    therefore ,SP of 20 article = 23x

    from above , we get

    CP of 20 article = 20x

    and SP of 20 article = 23x

    since , SP > CP

    therefore gain = (SP – CP) = (23x – 20x) = 3x

    now gain% = (gain / CP ) ×100

    = [( 3X / 20x ) × 100 ] %

    = [3 / 20 × 100 ] %

    = 15 %

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