5 Views

Question : If the selling price of 50 articles is equal to the cost price of 42 articles, then what is the approximate loss or profit percentage?

Option 1: 8% profit

Option 2: 16% loss

Option 3: 10% loss

Option 4: 20% profit


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: 16% loss


Solution : Given: 50 × selling price = 42 × cost price
Selling price = $\frac{42}{50}$ × cost price
Loss percentage = $\frac{\text{cost price – selling price}}{\text{cost price}}$  × 100
= $\frac{\text{cost price} – \frac{42}{50} × \text{cost price}}{\text{cost price}}$  × 100
= $\frac{50-42}{50}$  × 100
= 16%
Hence, the correct answer is a 16% loss.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books