Multiple choice

If the cost price of 15 tables is equal to the selling price of 20 tables, then the loss percentage in the transaction is

  1. 18%

  2. 20%

  3. 25%

  4. 24%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP of 1 table be 1. CP of 15 tables = 15. SP of 20 tables = 20. Loss = 20 - 15 = 5. Loss% = (5/20) * 100 = 25%.

AI explanation

Let the cost price of one table be Rs. 1, meaning the cost price of 15 tables is Rs. 15. Since the selling price of 20 tables equals this cost, the selling price of one table is 15 divided by 20, which is Rs. 0.75. Using the loss percentage formula of (loss divided by cost price) multiplied by 100, the calculation is (0.25 divided by 1) multiplied by 100, resulting in a 25% loss.

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