If selling price of 75 articles is equal to cost price of 60 articles, then the approximate loss or gain percent is:
Answer & explanation
Correct answer: option 4
Selling price of 75 = Cost price of 60
SP : CP = 12 : 15
Loss = 15 - 12 = 3
Loss% = \(\frac{3 × 100}{15}\) = 20%