Profit and loss
Algebra
Level
1
The cost price of 12 cameras is equal to the selling price of 16 cameras.Find the gain or loss percent in this transaction
20% loss
20% profit
25% loss
25% profit
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1 solution
Cost price of 12 camera =selling price of 16 camera So let take 12/16=3/4. So the denometer is greater than numerator means there is a loss in the business. Now,to calculate the perfect loss we need to multiply by 1/25 to make the value 100 in denometr .hence the total lost is 25%.