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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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Joined: 28 Jun 2004
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If 8 articles were sold at the cost price of 10 articles, [#permalink]

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New post 23 Aug 2004, 16:17
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

If 8 articles were sold at the cost price of 10 articles, find gain or loss percent.

Kudos [?]: 108 [0], given: 0

Joined: 31 Dec 1969

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Location: Russian Federation
Concentration: Entrepreneurship, International Business
GMAT 3: 740 Q40 V50
GMAT 4: 700 Q48 V38
GMAT 5: 710 Q45 V41
GMAT 6: 680 Q47 V36
GMAT 9: 740 Q49 V42
GMAT 11: 500 Q47 V33
GMAT 14: 760 Q49 V44
WE: Supply Chain Management (Energy and Utilities)
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New post 23 Aug 2004, 18:19
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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Director
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 [#permalink]

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New post 23 Aug 2004, 18:36
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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Director
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New post 23 Aug 2004, 20:29
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.

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  [#permalink] 23 Aug 2004, 20:29
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