Question
If the CP of 15 articles equals to the SP of 12 articles, find the gain percent.
Answer:
gain percent = 25%
Step-by-step explanation:
To solve the question given, we will follow the steps below:
gain% = [tex]\frac{s.p - c.p}{c.p}[/tex] × 100%
But from the question;
"CP of 15 articles equals to the SP of 12 articles", this implies that
15 c.p = 12 s.p
s.p = 15c.p / 12
s.p = [tex]\frac{15 c.p}{12}[/tex] = [tex]\frac{5c.p}{4}[/tex]
s.p = [tex]\frac{5c.p}{4}[/tex]
substitute s.p = [tex]\frac{5c.p}{4}[/tex] into the formula
gain% = [tex]\frac{s.p - c.p}{c.p}[/tex] × 100%
=[tex]\frac{\frac{5c.p}{4} - c.p }{c.p}[/tex] × 100%
= [tex]\frac{\frac{5c.p - 4c.p}{4} }{c.p}[/tex] × 100%
= [tex]\frac{c.p}{4}[/tex] ÷ c.p × 100%
= [tex]\frac{c.p}{4}[/tex] × [tex]\frac{1}{c.p}[/tex] × 100%
= [tex]\frac{1}{4}[/tex] × 100%
= 25 %
