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If 8 articles were sold at the cost price of 10 articles,

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Manager
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If 8 articles were sold at the cost price of 10 articles, [#permalink] New post 23 Aug 2004, 15:17
If 8 articles were sold at the cost price of 10 articles, find gain or loss percent.
Joined: 31 Dec 1969
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 [#permalink] New post 23 Aug 2004, 17:19
let CP of one article be = 10
CP of 10 articles = 100

SP of 8 articles = 100
SP of one article = 100/8 = 12.5

So the gain = (2.5/10)*100 = 25%.
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 [#permalink] New post 23 Aug 2004, 17:36
the guest was me....sorry i forget to login always..

there is a shortcut to approach these type of problems too..
If the CP of x articles is equal to the selling price of y articles, then if y is less than x, the retailer makes a profit and the profit % is [(x-y)/y]*100.

And, if y is greater than x, then the retailer makes a loss and the loss % is [(y-x)/y]*100
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 [#permalink] New post 23 Aug 2004, 19:29
Anonymous wrote:
let CP of one article be = 10
CP of 10 articles = 100

SP of 8 articles = 100
SP of one article = 100/8 = 12.5

So the gain = (2.5/10)*100 = 25%.


Same method. Am surprised we chose the same number as article price.
  [#permalink] 23 Aug 2004, 19:29
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If 8 articles were sold at the cost price of 10 articles,

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