Multiple choice

Quantity A Cost price of an article, which when sold for \$30 gives 20% profit Quantity B Selling price of an article, if it was bought for \$50 and sold at 50% loss

  1. Quantity A is greater.

  2. Quantity B is greater.

  3. The two quantities are equal.

  4. The relationship cannot be determined from the information given.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Quantity A: SP = 30, Profit = 20%. CP = 30 / 1.2 = 25. Quantity B: CP = 50, Loss = 50%. SP = 50 * 0.5 = 25. Both are 25.

AI explanation

Using the selling price formula, the cost price for Quantity A is calculated as \$30 divided by 1.20, which equals \$25. Using the selling price formula for Quantity B, the selling price is \$50 multiplied by 0.50, which also equals \$25. Therefore, Quantity A is equal to Quantity B.

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