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Selling price of 25 articles is equal to...

Selling price of 25 articles is equal to cost price of 20 articles. Find profit/loss %.

A

10%

B

15%

C

20%

D

25%

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the profit or loss percentage based on the given information. ### Step 1: Understand the relationship between Selling Price (SP) and Cost Price (CP) We know that the selling price of 25 articles is equal to the cost price of 20 articles. ### Step 2: Set up the equations Let the cost price of one article be \( CP \). Therefore, the cost price of 20 articles is: \[ CP_{20} = 20 \times CP \] Let the selling price of one article be \( SP \). Therefore, the selling price of 25 articles is: \[ SP_{25} = 25 \times SP \] According to the problem: \[ SP_{25} = CP_{20} \] This gives us the equation: \[ 25 \times SP = 20 \times CP \] ### Step 3: Find the ratio of SP to CP From the equation \( 25 \times SP = 20 \times CP \), we can rearrange it to find the ratio of SP to CP: \[ \frac{SP}{CP} = \frac{20}{25} = \frac{4}{5} \] ### Step 4: Calculate the loss Since \( SP < CP \), there is a loss. The loss can be calculated as: \[ Loss = CP - SP \] To express SP in terms of CP, we can write: \[ SP = \frac{4}{5} CP \] Thus, the loss becomes: \[ Loss = CP - \frac{4}{5} CP = \frac{1}{5} CP \] ### Step 5: Calculate the percentage of loss The percentage of loss is calculated using the formula: \[ \text{Loss Percentage} = \left( \frac{Loss}{CP} \right) \times 100 \] Substituting the value of loss: \[ \text{Loss Percentage} = \left( \frac{\frac{1}{5} CP}{CP} \right) \times 100 = \left( \frac{1}{5} \right) \times 100 = 20\% \] ### Final Answer The profit/loss percentage is: \[ \text{Loss Percentage} = 20\% \]
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