The selling price of 8 articles is the s

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of 8 articles is the same as the cost price of 5 articles. The gain or loss percent is:

Options:

37.5%

40%

38%

34.5%

Correct Answer:

37.5%

Explanation:

ATQ,

⇒ S.P. of 8 = C.P. of 5

⇒ C.P. : S.P. = 8 : 5

⇒ Loss = 8 - 5 = 3

⇒ Loss percentage = $\frac{3}{8}$ × 100 = 37.5%