Knowee
Questions
Features
Study Tools

the correct answerThe cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?

Question

The cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?

🧐 Not the exact question you are looking for?Go ask a question

Solution

Sure, let's solve this step by step:

Step 1: Understand the problem The cost price of 18 articles is equal to the selling price of 15 articles. This means that the seller is making a profit because they are selling 15 articles for the price of 18.

Step 2: Set up the equation Let's denote the cost price of one article as 'C' and the selling price of one article as 'S'. According to the problem, we have the equation: 18C = 15S.

Step 3: Solve for 'S' To find the selling price 'S', we can rearrange the equation to solve for 'S': S = 18C / 15.

Step 4: Find the profit The profit is the selling price 'S' minus the cost price 'C'. So, Profit = S - C = 18C / 15 - C = (18C - 15C) / 15 = 3C / 15 = C / 5.

Step 5: Find the profit percentage The profit percentage is the profit divided by the cost price, times 100%. So, Profit% = (Profit / C) * 100% = (C / 5C) * 100% = 20%.

So, the gain percent is 20%.

This problem has been solved

Similar Questions

Select the correct answerThe ratio of cost price and selling price of an article is 20 : 21. The gain percent on it is?Options65410

The selling price of 21 articles is equal to the cost price of 18 articles. Find the loss percent?.

12 articles were sold at the cost price of 15 articles .  Find the Profit % Options :30%20%25%none

19) The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

If profit as a percentage of the selling price is 18%, then what is the profit as a percentage of the cost price?21%21.95%22%22.5%

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.