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
$$\eqalign{ & \frac{{{\text{CP}}}}{{{\text{SP}}}} = \left. {\frac{{16}}{{18}} = \frac{8}{9}} \right\}{\text{1 unit profit}} \cr & {\text{Profit}}\% = \frac{1}{8} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 12\frac{1}{2}\% {\text{ gain}} \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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