Question
Download Solution PDFThe selling price of 30 articles is equal to the purchase price of 25 articles. Find the percentage of profit or loss.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept used:
On article-based questions, if cost article(CA) < selling article(SA) then there is loss,
Loss % = (SA - CA)/SA × 100
Calculation:
According to the concept, here CA = 25 < SA = 30 so there is loss
Loss% = (30 - 25)/30 × 100 = 100/6 = \(16\frac{2}{3}\)%
∴ The correct answer is \(16\frac{2}{3}\)% loss
Last updated on Jun 27, 2025
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