The selling price of 20 articles is the

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of 20 articles is the same as the cost price of 16 articles. The gain or loss percent is:

Options:

20%

25%

30%

35%

Correct Answer:

20%

Explanation:

ATQ,

⇒ S.P. of 20 = C.P. of 16

⇒ C.P. : S.P. = 5 : 4

⇒ Loss = 5 - 4 = 1

⇒ Loss percentage = \(\frac{1}{5}\) × 100 = 20%