Question

Ravi sold 16 pens at the cost of 20 pens .What is the profit and loss

Answer 1

It is a profit.

You can see in the picture.

Answer 2

The profit is 25%.

Step-by-step explanation:

It is given that Ravi sold 16 pens at the cost of 20 pens .

Selling price of 16 pens = Cost price of 20 pens

$SP\times 16=CP\times 20$

$\dfrac{SP}{CP}=\dfrac{20}{16}$

$\dfrac{SP}{CP}=\dfrac{5}{4}$

The ratio of SP to CP is 5:4.

Let SP and CP are 5x and 4x respectively.

$Profit\%=\dfrac{SP-CP}{CP}\times 100$

$Profit\%=\dfrac{5x-4x}{4x}\times 100$

$Profit\%=\dfrac{x}{4x}\times 100$

$Profit\%=25$

Therefore, the profit is 25%.

#Learn more

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