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A person bought some article at rate of ...

A person bought some article at rate of 6 for Rs 20 and bought same number of articles at the rate of 8 for Rs 25. And sold all the stock at the rate of 8 for Rs 31. Find the profit or loss% ?

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To solve the problem, we need to calculate the total cost price (CP) of the articles, the total selling price (SP), and then find the profit or loss percentage. ### Step 1: Calculate the number of articles bought in each transaction - **First Purchase:** The person bought 6 articles for Rs 20. - **Second Purchase:** The person bought 8 articles for Rs 25. Since the question states that the same number of articles were bought in both transactions, we can find a common multiple of 6 and 8. The least common multiple (LCM) of 6 and 8 is 24. ### Step 2: Calculate the number of articles bought in each transaction - **For the first purchase:** - To buy 24 articles at the rate of 6 for Rs 20, we calculate how many sets of 6 are in 24: \[ \text{Number of sets} = \frac{24}{6} = 4 \] - Total cost for the first purchase: \[ \text{Total Cost} = 4 \times 20 = Rs 80 \] - **For the second purchase:** - To buy 24 articles at the rate of 8 for Rs 25, we calculate how many sets of 8 are in 24: \[ \text{Number of sets} = \frac{24}{8} = 3 \] - Total cost for the second purchase: \[ \text{Total Cost} = 3 \times 25 = Rs 75 \] ### Step 3: Calculate the total cost price (CP) - Total cost price for all articles: \[ \text{Total CP} = 80 + 75 = Rs 155 \] ### Step 4: Calculate the total selling price (SP) - The person sold all 24 articles at the rate of 8 for Rs 31. - To find the selling price for 24 articles: \[ \text{Number of sets} = \frac{24}{8} = 3 \] - Total selling price: \[ \text{Total SP} = 3 \times 31 = Rs 93 \] ### Step 5: Calculate profit or loss - To find the profit or loss, we subtract the total cost price from the total selling price: \[ \text{Profit or Loss} = \text{Total SP} - \text{Total CP} = 93 - 155 = -62 \] Since the result is negative, it indicates a loss. ### Step 6: Calculate the loss percentage - The loss percentage is calculated using the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Total CP}} \right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left( \frac{62}{155} \right) \times 100 \approx 40\% \] ### Final Answer The loss percentage is approximately **40%**.
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