If the cost price of 18 articles is equal to the selling price of 16 articles, the gain or loss is = ?
A. 25% gain
B. 25% loss
C. $$12\frac{1}{2}$$% loss
D. $$12\frac{1}{2}$$% gain
Answer: Option D
Solution (By Examveda Team)
According to the question,18 Cost Price = 16 Selling Price
$$\eqalign{ & \frac{{{\text{CP}}}}{{{\text{SP}}}} = \left. {\frac{{16}}{{18}} = \frac{8}{9}} \right\}{\text{1 unit profit}} \cr & {\text{Profit}}\% = \frac{1}{8} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 12\frac{1}{2}\% {\text{ gain}} \cr} $$
This Question Belongs to Arithmetic Ability >> Profit And Loss
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