The cost price of 25 articles is equal to the selling price of 20 articles. Find the profit/ loss percentage.
Correct Answer : a ) 25% profitExplanation :
According to the question
Let the Cost price be CP and Selling price be SP
⇒ 25 × CP = 20 × SP
⇒ CP = 4 units and SP = 5 units
⇒ Profit = 5 – 4 = 1 unit
We know that
Hence, (a) is the correct answer.
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