Percentages - XAT 2020 / TANCET 2020 Quant/Math Questions

This question is from the topic Percentages and tests you understanding of percent profit and percent loss.

Question

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

Correct Answer

25% Profit. Choice (3)

Explanatory Answers

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 =

= 25

Profit = Selling price - Cost price

= 25 - 20 = 5

Percentage of profit =

.

=

= 25% Profit

Correct Answer (3)

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