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The cost price of 25 beds is equal to the selling price of 20 beds. Then what is gain or loss percentage?1. 20% loss2. 25% gain3. 60% loss4. 75% gain |
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Answer» Correct Answer - Option 2 : 25% gain Given: The cost price of 25 beds = The selling price of 20 beds Formula Used: Profit percentage = {(SP – CP)/CP} × 100 Calculation: Let CP of 1 bed be Rs. x CP of 25 beds = Rs. 25x SP of 20 beds = Rs. 25x CP of 20 beds = Rs. 20x Percentage profit = (25x – 20x)/20x × 100 = 25% ∴ Profit% is 25% |
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