Open In App

QA – Placement Quizzes | Profit and Loss | Question 12

Like Article
Like
Save
Share
Report

If cost price of 15 pen is equal to Selling price of 20 pens, what is the gain or loss percent?
(A) 25% Loss
(B) 25% Profit
(C) 30% Loss
(D) 30% Profit


Answer: (A)

Explanation: Suppose CP of 1 pen = x

CP of 15 pen = 15x = SP of 20 pen

SP of 1 Pen = 15x/20

SP of 15 Pen = 15x *15/20 (as we have to bring number of pens sold and purchased to be equal, so say we are considering everything for 15 pens)

Loss on 15 pens = CP of 15 pen-SP of 15 pen = 15x – 225x/20 = 75x/20

Loss% = [Loss/CP]. 100 = [(75x/40)/15x]. 100 = 25%

Quiz of this Question


Last Updated : 28 Jun, 2021
Like Article
Save Article
Previous
Next
Share your thoughts in the comments
Similar Reads