Multiple choice

If the cost price of 20 articles is equal to the selling price of 25 articles, then the percentage profit or loss made is _______.

  1. 20% profit

  2. 25% loss

  3. 25% profit

  4. 20% loss

Reveal answer Fill a bubble to check yourself
D Correct answer
AI explanation

Let the cost price of one article be Rs. 1. The cost price of 20 articles is Rs. 20, which equals the selling price of 25 articles. The selling price of one article is 20 / 25 = Rs. 0.80. Using the loss percentage formula, (0.20 / 1) * 100 = 20%. The result is a 20% loss.