Problema Solution

The cost price of 12 books is equal to the selling price of 10 books. Find the gain per cent

Answer provided by our tutors

let


c = the cost price per book


s = the sell price per book


gain = s - c


gain % = ((s - c)/c)*100


The cost price of 12 books is equal to the selling price of 10 books:


12c = 10s


s = (12/10)c


plug s = (12/10)c into gain % = ((s - c)/c)*100:


gain % = (((12/10)c- c)/c)*100


gain % = 20%


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