Multiple Choice Questions on The profit made on a product is 25 What is the loss percent incurred on the sale if the figures of b........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The profit made on a product is 25 What is the loss percent incurred on the sale if the figures of b...........

Quant (SSC) Profit and loss
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    The profit made on a product is 25 %. What is the loss percent incurred on the sale if the figures of both CP and SP are interchanged?

    16%

    Incorrect Answer

    20%

    Correct Answer

    22%

    Incorrect Answer

    Can't be determined

    Incorrect Answer
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    Explanation:
    Let the CP be 100. Since profit is 25%, the SP becomes 125
    Now if both the figures are interchanged, the CP becomes 125 and SP becomes 100.
    The loss incurred is 25 or in terms of percentage
    Loss % = 25/125 x 100 = 20%

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