1.

If cost price of 40 books are equal to selling price of 32 books. Then find the loss or profit percentage? 1). 25% loss2). 25% profit3). 20% loss4). 20% profit

Answer»

ACCORDING to question,

40 CP = 32 SP

⇒ SP/CP = 40/32

⇒ SP/CP = 5/4

Now, as the ratio of SELLING price and cost price is greater than 1 so, we have a profit in this deal

∴ Profit % = {(SP – CP)/CP} × 100 = {(SP/CP) – 1} × 100 = {(5/4) – 1} × 100 = (1/4) × 100 = 25%



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