If the selling price of 40 articles is equal to the cost price of 50 articles then the percentage lo...........

Quantitative Aptitude (CGL) Profit and loss

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If the selling price of 40 articles is equal to the cost price of 50 articles, then the percentage loss or gain is:

This questions was previously asked in

SSC CGL 13 June 2019 Shift-3

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20% loss

25% loss

20% gain

25% gain

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Explanation:

Let the cost price of one article =1Rs.
So cost price of 50 article =50Rs.
As per the question it is given that selling price of 40 article = cost price of 50 article =50Rs,
So selling price of 40 article = 50Rs.
Hence selling price of one article = 50/40 = 1.25 Rs.
So, the gain amount per article 1.25 - 1 = 0.25 Rs
Hence the %gain $_{1}^{0.25\times 100} = 25%$