Let cost price of each article be C and selling price be S.pzazz12 wrote:If the cost price of 20 articles is equal to the selling price of 25 articles, what is the % profit or loss made by the merchant?
A. 25% loss
B. 25% profit
C. 20% loss
D. 20% profit
E. 5% profit
for 20 articles, cost price = 20C and selling price = 20S
for 25 articles, cost price = 25C and selling price = 25S
given that 20C = 25S
C = 5/4 S
S = 4/5 C
which means S<C
hence there should be loss. BDE out.
percentage loss = (4C/5 - C)/C * 100
=C/5 * 100 = 20% loss
pick C.
