Anil bought some articles at 6 for Rs. 8 and sold them at 10 for Rs.

1.	Anil bought some articles at 6 for Rs. 8 and sold them at 10 for Rs. 12. His percentage loss or gain is:1. 8% gain2. 10% loss3. 10% gain4. 8% loss
Answer» Correct Answer - Option 2 : 10% loss Given: Number of articles brought = 6 The cost price of 6 articles = Rs. 8 Number of articles sold = 10 The selling price of 10 articles = Rs. 12 Concept: First, equal the number of articles sold and brought so that the cost price of the number of articles sold can be determined. Then calculate the profit or loss percentage. Formula used: Loss % = [(CP - SP)/CP] × 100 Calculation: Taking LCM of the number of articles sold and brought; We get 30. CP of 30 articles = 8 × 5 = Rs 40 SP of 30 articles = 12 × 3 = Rs. 36 Loss % = [(40 - 36)/40] × 100 ⇒ (4/40) × 100 ⇒ 100/10 ⇒ 10% ∴ His percentage of loss is 10%

Anil bought some articles at 6 for Rs. 8 and sold them at 10 for Rs. 12. His percentage loss or gain is:1. 8% gain2. 10% loss3. 10% gain4. 8% loss

Answer» Correct Answer - Option 2 : 10% loss

Given:

Number of articles brought = 6

The cost price of 6 articles = Rs. 8

Number of articles sold = 10

The selling price of 10 articles = Rs. 12

Concept:

First, equal the number of articles sold and brought so that the cost price of the number of articles sold can be determined. Then calculate the profit or loss percentage.

Formula used:

Loss % = [(CP - SP)/CP] × 100

Calculation:

Taking LCM of the number of articles sold and brought;

We get 30.

CP of 30 articles = 8 × 5 = Rs 40

SP of 30 articles = 12 × 3 = Rs. 36

Loss % = [(40 - 36)/40] × 100

⇒ (4/40) × 100

⇒ 100/10

⇒ 10%

∴ His percentage of loss is 10%

Discussion

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