The cost price of 10 apples is equal to the selling price of 20 apples. Find the loss or gain percentage.

Question

Question

This question was previously asked in

SSC Selection Post 2024 (Matriculation Level) Official Paper (Held On: 25 Jun, 2024 Shift 1)

Answer 1

Given:

The cost price of 10 apples is equal to the selling price of 20 apples.

Formula used:

Loss Percentage = \(\dfrac{(Cost Price - Selling Price)}{Cost Price} \times 100\)

Calculation:

Let Cost Price (CP) of 1 apple = ₹1

⇒ CP of 10 apples = ₹10

Let Selling Price (SP) of 20 apples = ₹10

⇒ SP of 1 apple = ₹10 ÷ 20

⇒ SP of 1 apple = ₹0.5

Loss:

CP of 1 apple - SP of 1 apple

⇒ ₹1 - ₹0.5 = ₹0.5

Loss Percentage:

⇒ \(\dfrac{0.5}{1} \times 100\)

⇒ 50%

∴ The correct answer is option 1.

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