Question

If the cost price of 20 article is equal to selling price of 25 article what is the percentage profit or loss price made .​

Answer 1

Correct option is

C

20%

Let the cost price of 1 article be Rs. 1.

Therefore, cost price of 20 articles =20×1= Rs. 20

The selling price of 25 articles = cost price of 20 articles = Rs. 20.

Now, we know the selling price of 25 articles. Let us find the cost price of 25 articles.

Cost price of 25 articles =25×1= Rs. 25.

Therefore, profit made on sale of 25 articles = selling price of 25 articles − cost price of 25 articles

=20−25=− Rs. 5.

As the profit is in the negative, the merchant has made a loss of Rs. 5.

% loss =

25

−5

×100=20% loss.