Multiple Choice Questions on If the cost price of 30 pens is the same as the selling price of 40 pencils What is the gain or loss........... for CDS Exam Preparation

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Multiple Choice Questions

If the cost price of 30 pens is the same as the selling price of 40 pencils What is the gain or loss...........

Quantitative Aptitude (CDS) Profit and loss
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    If the cost price of 30 pens is the same as the selling price of 40 pencils. What is the gain or loss percent?

     

    25%
     

    Correct Answer

    40%
     

    Incorrect Answer

    35%
     

    Incorrect Answer

    20%

    Incorrect Answer
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    Explanation:

    CP of 30 pen = SP of 40 pencil  
    CPx30=SPx40
    CP/SP =3/4
    So you can see that CP>SP, therefore, there will be loss. 
    Now consider CP= 4, then SP=3
    Loss = 1
    loss % = (loss /CP)100
    1/4x100 =25%
    loss= 25%

    By: bhavesh kumar singh
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