Multiple choice

The cost price of 12 mangoes is equal to the SP of 16 mangoes. What is the loss or gain percent?

  1. 25% profit

  2. 25% loss

  3. 20% profit

  4. 20% loss

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost of 12 = Selling price of 16. Let CP of 1 be 1, then CP of 12 is 12. SP of 16 is 12, so SP of 1 is 12/16 = 0.75. Loss = 1 - 0.75 = 0.25. Loss percent = (0.25/1) * 100 = 25%.

AI explanation

Let the cost price of 16 mangoes be Rs. 16, meaning the cost price of one mango is Re. 1. Since the cost price of 12 mangoes equals the selling price of 16 mangoes, the selling price of 16 mangoes is Rs. 12. Using the loss percentage formula, the loss is (16 minus 12) divided by 16, multiplied by 100, which gives a 25% loss.

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