Multiple Choice Questions on Cost price of 25 note books is equal to the selling price of 40 note books What is the gain or loss ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Cost price of 25 note books is equal to the selling price of 40 note books What is the gain or loss ...........

Quant (SSC) Profit and loss
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    Cost price of 25 note books is equal to the selling price of 40 note books. What is the gain or loss per cent?

    37 1/2% loss

    Correct Answer

    23 2/3% loss

    Incorrect Answer

    23 2/3% gain

    Incorrect Answer

    37 1/2% gain

    Incorrect Answer
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    Explanation:

    CP of 25 = SP of 40
    When number of articles in SP > number of articles in CP,
    these is loss, so
    loss % = (40-25)/40 * 100 = 37 1/2% loss

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