If the cost price of 25 articles is equal to the selling price of 35 articles find the profit/loss percentage.
Answer & explanation
Correct answer: option 1
Cost price of 25 articles = Selling price of 35 articles
\(\frac{(cost price of one article)}{ (selling price of one article)}\) = \(\frac{325}{35}\) = \(\frac{5}{7}\)
Profit% = \(\frac{( 7 - 5 )}{7}\) × 100 = Loss — 28.57%