Question : If the cost price of 10 articles is equal to the selling price of 16 articles, then the loss percentage is:
Option 1: 30%
Option 2: 37.5%
Option 3: 42.5%
Option 4: 45%
Correct Answer: 37.5%
Solution :
Given:
The cost price (CP) of 10 articles is equal to the selling price (SP) of 16 articles.
Let the CP of each article = Re. 1
Then, CP of 16 articles = Rs. 16
SP of 16 articles = CP of 10 articles = Rs. 10
Loss = CP of 16 articles – SP of 16 articles = 16 – 10 = Rs. 6
$\therefore$ Loss percentage = $\frac{6}{16}$ × 100 = 37.5%
Hence, the correct answer is 37.5%.
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