If the selling price of 10 raincoats is equal to the cost price of 12 raincoats, find the gain percentage.
20%
Let the cost price of each raincoat be C and the selling price be S.
According to the question, 10S = 12C, or S = (12/10)C = 1.2C.
Therefore, the gain per raincoat is 1.2C - C = 0.2C.
The gain percentage = (0.2C / C) × 100 = 20%.
Important Questions from Profit and Loss
Rohit buys 8 pens and 4 pencils for Rs. 2400. He sells pencils at a profit of 20 percent and pens at the loss of 10 percent. If his overall profit is Rs. 240, then what is the sum of the cost price of one pen and one pencil?
An article was sold at a loss of 24%. If it were sold for Rs. 1,596 more, then there would have been a gain of 18%, The cost price of the article is:
The cost price of an article is Rs.6,450. If it sold at a profit 16%, how much would be its selling price?
If the selling price of 7 articles is equal to the cost price of 6 articles, then what is the percentage loss?
An article when sold at a gain of 5%, yields Rs. 15 more than when sold at a loss of 5%. The cost price will be
