Profit and Loss Practice Test 6

Question : 9 of 40

Marks: +1, -0

If the SP of 17 articles is equal to the costprice of 13 articles, then what is the profit or loss per cent?

Solution:

SP of 17 articles = CP of 13 articles
SP × 17 = CP × 13

{SP}/{CP}=13/17

Since SP < CP, the person has incurred, loss.
Loss per cent

={CP-SP}/{CP} ×100

={17-13}/17×100=23.53%

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