Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The cost price of 15 pens is equal to the selling price of 20 pens. The loss or profit percentage is:

Options:

20% loss

25% loss

20% profit

25% profit

Correct Answer:

25% loss

Explanation:

According to the question,

The cost price of 15 pens is equal to the selling price of 20 pens

\(\frac{CP}{SP}\) = \(\frac{20}{15}\)

Loss = 20 - 15 = 5

Loss% = 5 × \(\frac{100}{20}\) = 25%