Question

If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is :

• A. 20% loss
• B. 20% gain
• C. 25% loss
• D. 25% gain

Answer 1

The correct option is A

20% loss

Let C.P of each article be Re. 1.

Then, C.P of 50 articles = Rs. 50; S.P. of 50 articles = Rs. 40.

Loss = C.P - S.P

= Rs. 50 - Rs. 40

= Rs. 10

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