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Question

Find the loss or gain as percent, if the C.P. of 8 articles, all of the same kind, is equal to S.P. of 10 articles.

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Solution

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

=108

=2

Loss percent =(loss×100)/C.P

Substituting the values

=(2×100)/10

=20%


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