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%?
Question
Solution 1
Step 1: First, we need to find the cost price of one article. We know that Mr. Thomas gained 25% profit by selling 20 articles for Rs.60. So, the cost price of 20 articles is 100% and the selling price is 125% (100% cost price + 25% profit).
Step 2: Therefore, the cost price of 20 articles is (100/ Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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