Select the correct answerThe cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?Options15%25%18%20%
Question
Select the correct answerThe cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?Options15%25%18%20%
Solution
Let's solve this step by step:
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The cost price of 18 articles is equal to the selling price of 15 articles. This means that the seller is making a profit on 3 articles while selling 15 articles.
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So, the profit percentage can be calculated as (Profit/CP)*100. Here, the profit is equivalent to the cost price of 3 articles and the cost price in the denominator is equivalent to the cost price of 15 articles (since it's the selling price of 15 articles).
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Therefore, the profit percentage is (3/15)*100 = 20%.
So, the correct answer is 20%.
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