Selling price of 16 articles is equal to cost price of 12 articles. Find profit or loss percentage.
Answer & explanation
Correct answer: option 3
S.P. of 16 = C.P. of 12
C.P : S.P. = 16 : 12 = 4 : 3
Loss = 1
Loss Percent = \(\frac{1}{4}\) × 100% = 25%