Multiple choice

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

  1. 20% gain

  2. 20% loss

  3. 25% loss

  4. 25% gain
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP be the cost price and SP be the selling price. 50 * SP = 40 * CP, so SP/CP = 40/50 = 4/5. This means the selling price is 80% of the cost price, resulting in a 20% loss.

AI explanation

Let the cost price of one article be Re. 1. The cost price of 50 articles is Rs. 50, and the selling price of 50 articles equals the cost price of 40 articles, which is Rs. 40. Using the loss percent formula of (loss divided by cost price) multiplied by 100, the loss is 50 minus 40 = Rs. 10. Therefore, (10 divided by 50) multiplied by 100 results in a 20 percent loss.

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