The selling price of 32 articles is the same as the cost price of 26 articles. The gain or loss percent is:
Answer & explanation
Correct answer: option 2
ATQ,
⇒ S.P. of 32 = C.P. of 26
⇒ C.P. : S.P. = 16 : 13
⇒ Loss = 16 - 13 = 3
⇒ Loss percentage = \(\frac{3}{16}\) × 100 = 18\(\frac{3}{4}\)%