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math & puzzles Online Quiz - 215
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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?
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A
25% profit
💡 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.