Multiple Choice Questions on If the cost price of 15 tables be equal to the selling price of 20 tables the loss per cent in........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the cost price of 15 tables be equal to the selling price of 20 tables the loss per cent in...........

Quantitative Aptitude ( CCS) Profit and loss
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     If the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent in the transaction is ?

    18%

    Incorrect Answer

    20%

    Incorrect Answer

    25%

    Correct Answer

    24%

    Incorrect Answer
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    Explanation:

    Let the Cost price of 1 table is C.P and Selling Price of 1 table is S.P.
    =>     15 C.P = 20 S.P
           C.P/S.P = 20/15 = 4/3
    Or C.P : S.P = 4 : 3
    L% = L/C.P * 100%
    L% = 1/4 * 100% = 25%

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