Word Problem 11 (Gain or loss percentage)
Problem 11: The cost price of 21 articles is equal to selling price of 16 articles. Find the gain or loss percentage,
a. 33.13% gain b. 33-1/4 % loss c. 25% gain d. 25% loss
(Actuarial analysis)
Solution:
Let cost price of each one article is ‘y’ Rs.
then;
Since cost price of 21 articles is given equal to selling price of 16 article, so
Here we can see that for one article the sale price 21y/16 is greater that its cost price ‘y’. So obviously a profit will be earned !
Now we know that profit is calculated by subtracting sale price from cost price;
i-e
So, for one article the profit will be calculated by subtracting its sale price from its cost price;
So, Profit for one article is 5y/16 Rs
Now we calculate the %age which this profit amount makes !
We know;
So the profit %age is 33-1/4 %
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