The C.P of 15 pens is the same as the S.P of 12 pens. Calculate the profit or loss percent made if all the pens bought are considered to be sold.
The C.P of 15 pens is the same as the S.P of 12 pens. Calculate the profit or loss percent made if all the pens bought are considered to be sold.
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Let, CP of 12 pens = SP of 15 pens = x. ... so, CP of 15 pens = 15x/12 = 5x/4. As, 5x/4 > x, so, there will be loss. Loss% = [{(5x/4)-x) / 5x/4] x 100 = 1/5 x100 = 20%.
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