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The Selling Price Of 100 Articles Is The Same As The Cost Price Of 120 Articles. Find Gain Percent? |
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Answer» Let the COST PRICE of each ARTICLE be Rs k We have, S.P of 100 articles = C.P of 120 articles = 120k We know that C.P of 100 articles = 100 k Gain on the purchase of 100 articles = S.P - C.P => Gain = 120 k - 100 k =20k PROFIT percentage = (profit/C.P) X 100 = (20k/100k) x 100 = 20% Let the cost price of each article be Rs k We have, S.P of 100 articles = C.P of 120 articles = 120k We know that C.P of 100 articles = 100 k Gain on the purchase of 100 articles = S.P - C.P => Gain = 120 k - 100 k =20k Profit percentage = (profit/C.P) x 100 = (20k/100k) x 100 = 20% |
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