Consider C.P of 8 articles = S.P of 10 articles =₹80
So the C.P of 1 article =80/8=₹10
S.P of 1 article =80/10=₹8
We know that
Loss = C.P – S.P
Substituting the values
=10–8
=₹2
Loss percent =(loss×100)/C.P
=(2×100)/10
=20%
The C.P. of 16 articles is equal to the S.P. of 12 articles. Find the gain or loss percent on 1 article.
If the S.P of 10 articles is the same as C.P. of 12 articles, find the gain percentage.