ICSE-VIII-Mathematics
08: Profit, Loss and Discount Class 8 Maths
- #4The cost price of 20 articles is same as the selling price of 16 articles. Find the gain percent.Ans : C.P. of 20 articles = S.P. of 16 articles.
Let C.P. of 1 article = Re. 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% = 4/16 × 100
= (4/16 × 100)
= 25%