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?15181620
Question
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?15181620
Solution
The problem states that the cost price of a certain number of articles is the same as the number of articles. Let's denote this number as X. So, the cost price for X articles is X.
Next, it is given that the selling price of the articles is 20.
The problem also states that there is a gain of 25% over the whole transaction.
The formula to calculate the gain percentage is:
Gain% = (Selling Price - Cost Price) / Cost Price * 100%
We can substitute the given values into this formula:
25% = (20 - X) / X * 100%
Solving this equation for X will give us the number of articles.
Let's solve it:
25X = 20 - X 25X + X = 20 26X = 20 X = 20 / 26 X = 0.7692307692307692
However, the number of articles cannot be a fraction, so we round it up to the nearest whole number, which is 1.
So, X = 1.
This means that the number of articles is 1.
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