Multiple choice

The cost price of 12 tables is equal to the selling price of 16 tables. The loss percent is

  1. 15%

  2. 20%

  3. 25%

  4. 30%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP be the cost price and SP be the selling price. Given 12 * CP = 16 * SP, so CP/SP = 16/12 = 4/3. The loss is CP - SP = 4 - 3 = 1 unit, and the loss percent is (1/4) * 100 = 25%.

AI explanation

Let the cost price of one table be Re. 1, making the cost price of 12 tables equal to Rs. 12. The problem states that the cost price of 12 tables is exactly equal to the selling price of 16 tables, so the selling price of 16 tables is Rs. 12, which makes the selling price of one table Rs. 0.75 or 3/4. Using the loss percentage formula of cost price minus selling price, divided by cost price, and multiplied by 100, we get 1 minus 0.75, divided by 1, and multiplied by 100. This equals 0.25 multiplied by 100, resulting in a loss of 25 percent.

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