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The Cost Price of 20 Articles is the Same as the Selling Price of 16 Articles. Find the Gain Percent. - Mathematics

Sum

The cost price of 20 articles is the same as the selling price of 16 articles. Find the gain percent.

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Solution

C.P. of 20 articles = S.P. of 16 articles.

Let C.P. of 1 article = Rs. 1

C.P. of 20 articles = Rs.20

and C.P. of 16 articles = Rs.16

S.P. of 16 articles = Rs.20 ........[S.P. of 16 articles = C.P. of 20 articles]

Gain = Rs.20 – Rs.16 = Rs.4

Gain% =`4/16xx100`

`=(4xx100)/16`

= 25%

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APPEARS IN

Selina Concise Mathematics Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (C) | Q 4 | Page 95
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