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Question

The C.P. of 16 articles is equal to the S.P. of 12 articles. Find the gain or loss percent on 1 article.


  1. Gain 3313%

  2. Loss 3313%

  3. gain 30%

  4. loss 33%


Solution

The correct option is A

Gain 3313%


Let the cost of an article be ₹1.

cost of 16 articles  =  ₹16

Given that  cost of 16 articles = S.P of 12 articles

 S.P of 12 articles =  ₹16 and 
cost of 12 articles  =  ₹12

Gain on 12 articles = ₹16 - ₹12 = ₹4

 Gain on 1 article = 412=13
            =13×100=3313%

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