# Percentages - XAT 2016 / TANCET 2018 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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