Percentages - XAT 2016 / TANCET 2016 Quant/Math Questions
This question is from the topic Percentages and tests you understanding of percent profit and percent loss.
If the cost price of 20 articles is equal to the selling price of 16 articles, what is the percentage profit or loss made by the merchant?
- 20% Profit
- 25% Loss
- 25% Profit
- 33.33% Loss
. Choice (3)
Let Cost price of 1 article be Re.1.
Therefore, Cost price of 20 articles = Rs.20.
Selling price of 16 articles = Rs.20
Therefore, Selling price of 20 articles =
Profit = Selling price - Cost price
= 25 - 20 = 5
Percentage of profit =
= 25% Profit
Correct Answer (3)
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