A person purchases some article at the rate of rupees 5 per 4 articles and sells them at the rate of rupees 4 per 5 articles. Find the total profit or loss in %. |
22% profit 20% Loss 40 % Profit 36 % loss |
36 % loss |
The correct answer is Option 4: 36 % loss CP of 4 articles = Rs 5 CP of 20 articles = Rs 25 SP of 5 articles = Rs 4 SP of 20 articles = Rs 16 Since CP > SP, there is a loss. Loss% = \(\frac{CP_{20}-SP_{20}}{CP_{20}}\) * 100 Loss% = \(\frac{\text{25-16}}{25}\) * 100 Loss% = \(\frac{9 }{25 }\) * 100 Loss% = 36% |