If the selling price of 50 articles is equal to the cost price of 40 articles then the loss or gain% is:
The correct choice is: 20% loss Let the cost price of one article be ₹ 1. Then SP of 50 articles = CP of 40 articles = ₹ 40. CP of 50 articles = ₹ 50, so loss = ₹ 10 on ₹…
Choose your answer
If the selling price of 50 articles is equal to the cost price of 40 articles then the loss or gain% is:
Answer and explanation
Correct answer C
The correct choice is: 20% loss
Let the cost price of one article be ₹ 1. Then SP of 50 articles = CP of 40 articles = ₹ 40.
CP of 50 articles = ₹ 50, so loss = ₹ 10 on ₹ 50.
Loss % .
Hence the answer is 20% loss.
Practice for these exams
-
NCHM Joint Entrance Examination (NCHM JEE)