If the selling price of 50 articles is equal to the cost price of 42 articles, the what is the approximate loss or profit percentage?

8% profit 16% loss 10% loss 20% profit

16% loss

Selling price of 50 articles is equal to the cost price of 42 articles means, \(\frac{SP}{CP}\) = \(\frac{42}{50}\) = \(\frac{21}{25}\) Loss = 25 - 21 = 4 Loss% = \(\frac{4 × 100}{25}\) = 16%