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The cost of 21 bicycles is equal to the selling price of 20 bicycles. What is the loss or profit percentage in the selling of one bicycle? |
Profit 20% Loss 20% Loss 5% Profit 5% |
Profit 5% |
Cost of 21 bicycles = Selling price of 20 bicycles \(\frac{CP}{SP}\) = \(\frac{20}{21}\) Profit % = 1 × \(\frac{100}{20}\) = 5% |
