Multiple choice general knowledge math & puzzles

If the cost price of 20 articles is equal to the selling price of 16 articles, What is the percentage of profit or loss that the merchant makes?

  1. 15% profit

  2. 15% loss

  3. 25% profit

  4. 25% loss
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

CP of 20 articles = SP of 16 articles. Let CP of each = 1, so CP of 20 = 20. SP of 16 = 20, so SP of each = 20/16 = 1.25. Profit per article = 1.25 - 1 = 0.25. Profit percentage = (0.25/1) × 100 = 25%. This is a 25% profit, not a loss.

Keep practicing — related questions