Question

If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss is 20 percent.

• A. 20% loss
• B. 20% gain

Answer 1

The correct option is A

20% loss

Let C.P of each article be ₹1.

Then, C.P of 50 articles = ₹50

S.P. of 50 articles = ₹40.

Loss = C.P - S.P

= ₹ 50 - ₹40

= ₹10

$\text{Loss}\%=\frac{\text{Loss}}{\text{Cost Price}}\times 100$
=$\frac{10}{50}\times 100\%=20\%$