Multiple choice

If selling price of $8$ articles is equal to cost price of $10$ articles, then percent loss or gain is

  1. $20$
  2. $25$
  3. $30$
  4. $35$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP of one article be 1. CP of 10 = 10. SP of 8 = 10. SP of 1 = 10/8 = 1.25. Gain = 1.25 - 1 = 0.25. Gain % = 25%.

AI explanation

Let the cost price of one article be Rs. 10, making the cost price of 10 articles Rs. 100. The selling price of 8 articles equals the cost price of 10 articles, so the selling price of one article is Rs. 100 divided by 8, which is Rs. 12.50. Using the profit percentage formula, ((12.50 minus 10) divided by 10) multiplied by 100 gives a 25 percent gain.

Keep practicing — related questions