Knowee
Questions
Features
Study Tools

The CP of 25 articles is equal to SP of 20 articles. Find the loss or gain percent.

Question

The CP of 25 articles is equal to SP of 20 articles. Find the loss or gain percent.

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

Solution

Step 1: Understand the problem The cost price (CP) of 25 articles is the same as the selling price (SP) of 20 articles. This means that the seller is selling 20 articles for the price he bought 25 articles.

Step 2: Set up the equation Let's assume the cost price of 1 article is 1.Therefore,thecostpriceof25articlesis1. Therefore, the cost price of 25 articles is 25. According to the problem, this is also the selling price of 20 articles. So, the selling price of 1 article is 25/20=25/20 = 1.25.

Step 3: Calculate the gain The seller is selling each article for 1.25,whichheboughtfor1.25, which he bought for 1. So, the gain per article is 1.251.25 - 1 = $0.25.

Step 4: Calculate the gain percentage The gain percentage is calculated as (Gain / Cost price) * 100. Substituting the values we get, (0.25 / 1) * 100 = 25%.

So, the seller is making a gain of 25%.

This problem has been solved

Similar Questions

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

Mr. Thomas sold 20 articles for Rs.60 and thus, gained 25%. How many articles should he sell for Rs.90 so that he will incur a loss of 25%?

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

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:

The price of an article increased by 25% due to which its sale decreased by 40%. Find the percentage decrease in the revenue generated.

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.