Mathematics
The selling price of 15 articles is equal to the cost price of 12 articles. Find the gain or loss as percent.
Profit, Loss & Discount
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Answer
Let the C.P. of 1 article be ₹ 100.
The C.P. of 12 articles = ₹ 100 x 12 = ₹ 1200
The S.P. of 15 articles = the C.P. of 12 articles
The S.P. of 15 articles = ₹ 1200
The S.P. of 1 article = ₹ = ₹ 80
(∵ C.P. is greater than S.P., means article is sold at a loss.)
Loss = C.P. - S.P.
= ₹ 100 - ₹ 80
= ₹ 20
Hence, loss % = 20%.
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