Question

If the cost price of 15
items is equal to the selling price of 20 pens find the loss percent

Answer 1

The question can be solved using various methods but the easiest one would be assumption.

Let us assume that cost price of one items is Re1

Cost price of 15 items= Rs15

Selling price of 15 items = cost price of 20 items = Rs 20

Now, SP>CP

Thus there will be profit

Profit=20–15= 5

Profit%=5/15×100= 33.33%