Knowee
Questions
Features
Study Tools

The cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?Options18%20%15%25%

Question

The cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?Options18%20%15%25%

🧐 Not the exact question you are looking for?Go ask a question

Solution

Let's solve this step by step:

Step 1: Understand the problem The cost price of 18 articles is equal to the selling price of 15 articles. This means that the seller is making a profit because they are selling less articles for the same price they bought more articles.

Step 2: Set up the equation Let's denote the cost price of one article as CP and the selling price of one article as SP. According to the problem, we have the equation:

18CP = 15SP

Step 3: Solve for SP We can rearrange the equation to solve for SP:

SP = 18*CP / 15

Step 4: Calculate the profit The profit is the selling price minus the cost price. So, we have:

Profit = SP - CP Profit = 18*CP / 15 - CP

Step 5: Calculate the profit percentage The profit percentage is the profit divided by the cost price, times 100. So, we have:

Profit% = Profit / CP * 100 Profit% = (18*CP / 15 - CP) / CP * 100 Profit% = (18/15 - 1) * 100 Profit% = 0.2 * 100 Profit% = 20%

So, the gain percent is 20%.

This problem has been solved

Similar Questions

The ratio of cost price and selling price of an article is 20 : 21. The gain percent on it is?Options45610

12 articles were sold at the cost price of 15 articles .  Find the Profit % Options :30%20%25%none

The cost price of a particular amount of articles is same as the number of articles. Selling price of the articles comes out to be 20. Over the whole transaction 25% is gained. What is X?Options16182017

Select the correct answerThe selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss percent is?Options33.33% loss25% gain20% gain40% loss

Select the correct answer 13 of the total of an article is sold at a profit of 15%, 14 is at a profit of 20% and the remained part is at a profit of 24%. If the total profit is Rs.6,240 find the cost price of the article?OptionsRs.32000Rs.31200Rs.35000Rs.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.